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2026-09-18 10:08:10
[Nippon Basic Research Institute: Japan's core CPI may accelerate past 2% in October, reaching 3% in March 2027] (1) Taro Saito, an economist at Nippon Basic Research Institute, said that in the coming months, the price increases of various goods, including food and daily necessities, in Japan are expected to gain strong momentum. (2) He added that as the effect of utility subsidies weakens, the increase in consumer prices excluding fresh food may accelerate to over 2% in October and reach 3% before the end of the fiscal year in March 2027. (3) Data released on Friday showed that the core index rose 1.7% year-on-year in August, compared with an increase of 1.8% in July. (4) The market generally expects the Bank of Japan to raise interest rates to 1.25% later that day, and economists and investors expect at least one more rate hike before the end of the year.
