REUTERS
November 21, 2025 at 11:34 JST
People walk at a shopping area of Shinjuku in Tokyo on Sept. 11. (REUTERS/File Photo)
Japan's core consumer prices rose 3.0% in October from a year earlier, data showed on Friday, staying above the central bank's 2% target and keeping alive expectations of a near-term interest rate hike.
The increase in the core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, matched a median market forecast and accelerated from a 2.9% rise in September.
An index stripping away both volatile and fresh food and fuel costs, which is closely watched by the BOJ as a better gauge of underlying price trends, rose 3.1% in October from a year earlier, compared with a 3.0% increase in September.
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