The year-on-year increase in Japan's core CPI of the National Consumer Price Index in August fell for the first time in four months. Although lower than market expectations, it is unlikely to have an impact on the Bank of Japan's interest rate hike expectations. According to an announcement issued by Japan's Ministry of Internal Affairs and Communications on the 18th, Japan's core CPI rose 1.7% year on year in August, down from 1.8% last month. Market expectations are 1.8%. This is the seventh month in a row that the CPI has fallen below the Bank of Japan's target of 2%.

The year-on-year increase in Japan's core CPI of the National Consumer Price Index in August fell for the first time in four months. Although lower than market expectations, it is unlikely to have an impact on the Bank of Japan's interest rate hike expectations. According to an announcement issued by Japan's Ministry of Internal Affairs and Communications on the 18th, Japan's core CPI rose 1.7% year on year in August, down from 1.8% last month. Market expectations are 1.8%. This is the seventh month in a row that the CPI has fallen below the Bank of Japan's target of 2%.