Free Trial
JPY

Remains The Weakest Link In The G10 Space

AUD

Holding Above 70c On Equity Rally

USDCAD TECHS

Bearish Threat

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Japan's Oct Tokyo CPI Rises 3.4%; Three Decade High

(MNI) Tokyo
(MNI) Tokyo

The year-on-year rise in Tokyo's core inflation rate accelerated to 3.4% in October from 2.8% in September, indicating the nationwide core CPI will likely rise above 3% in October, data from the Ministry of Internal Affairs and Communications showed on Friday.

October’s rise of 3.4%, excluding the impact of sales tax hike, is the highest since October 1989 when it also rose 3.4% - and was the 14th straight rise. The Bank of Japan is likely to revise its core CPI forecast for this fiscal year after it completes its two-day meeting later on Friday. (See MNI BOJ WATCH: BOJ TO Maintain Easy Policy, Forward Guidance)

Keep reading...Show less
225 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The year-on-year rise in Tokyo's core inflation rate accelerated to 3.4% in October from 2.8% in September, indicating the nationwide core CPI will likely rise above 3% in October, data from the Ministry of Internal Affairs and Communications showed on Friday.

October’s rise of 3.4%, excluding the impact of sales tax hike, is the highest since October 1989 when it also rose 3.4% - and was the 14th straight rise. The Bank of Japan is likely to revise its core CPI forecast for this fiscal year after it completes its two-day meeting later on Friday. (See MNI BOJ WATCH: BOJ TO Maintain Easy Policy, Forward Guidance)

Keep reading...Show less