Rise in Japan’s Inflation Boosts Abenomics

A rise in Japan’s key inflationary gauge Friday raised hopes that the world’s third-largest economy was on course to expel its inflationary demons, but analysts told CNBC there was still much work to be done.
Japan’s nationwide core consumer price index (CPI) climbed 0.7 percent on year in September. While slightly lower than August’s 0.8 percent rise, the rise marked the fourth consecutive uptick.

The steady rise will be welcomed by the country’s central bank governors, who are aiming to reach a target of 2 percent inflation by the end of 2014, as part of the government’s plan to radically overhaul the economy and end 15 years of deflation.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.