Free Trial
JGB TECHS

(H3) Extends Bounce Off Lows

AUSSIE 10-YEAR TECHS

(H3) Weaker Into Midweek Close

US TSYS

Moderately Richer In Volatile Trade

AUSSIE 3-YEAR TECHS

(H3) Falters on Firm CPI

BONDS

NZGBS: Flat After Frenetic Wednesday

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 Sep Core CPI Rises 3%; Highest Since 1991

(MNI) Tokyo
(MNI) TOKYO

Japan's annual core consumer inflation rate accelerated to a year-on-year pace of 3% as Bank of Japan officials expected, with a rise from August's 2.8% lifting the measure to its highest level since August 1991, data from the Ministry of Internal Affairs and Communications released on Friday showed.

The pace of the rise in core CPI will accelerate from October amid corporate price revisions and as the base-year effect of lower mobile phone charges wanes. The BOJ is expected to lift its CPI forecast when it meets on Oct 27-28. (See MNI POLICY: BOJ To Lift FY22 CPI Forecast; Trim Growth View)

The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) rose 1.8% y/y in September, up from August’s 1.6%.The September rise was caused by high energy and food prices, excluding perishables.

The positive contribution from energy on CPI rose to 1.28 percentage point from 1.27 pp in August. Prices excluding perishables rose 4.6% y/y in September from 4.1% and its positive contribution widened to 1.03 pp from 0.92 pp.

Prices for processed foods, accounting for 15% of the total CPI on which BOJ officials focus and are sensitive to economic activities, rose 5.1% in September compared to 4.6% rise in August.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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.