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MNI BRIEF: Japan's Sept Trimmed Mean Rises 1.7% Vs. 1.8%

Central Bank NewsPolicy NewsAPACJapanBank of JapanBriefGlobalStoryRegion

MNI (TOKYO) - Japan’s trimmed mean measure of underlying inflation rose 1.7% in September, slowing from August’s 1.8%, indicating the pace of pass-through of cost increases caused by the weak yen is slowing, data released by the Bank of Japan showed on Tuesday.

The trimmed mean followed data last Friday that showed Japan's annual core consumer inflation rate rose 2.4% y/y in September, down from August’s 2.8%, the first drop in five months, but above the Bank's 2% target for the 30th straight month. 

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MNI (TOKYO) - Japan’s trimmed mean measure of underlying inflation rose 1.7% in September, slowing from August’s 1.8%, indicating the pace of pass-through of cost increases caused by the weak yen is slowing, data released by the Bank of Japan showed on Tuesday.

The trimmed mean followed data last Friday that showed Japan's annual core consumer inflation rate rose 2.4% y/y in September, down from August’s 2.8%, the first drop in five months, but above the Bank's 2% target for the 30th straight month. 

Keep reading...Show less