🚨 🇯🇵 Japan CPI in line at 2.1%, but underlying inflation runs hotter at 2.4%

🚨 🇯🇵 Japan CPI in line at 2.1%, but underlying inflation runs hotter at 2.4%

• 🇯🇵 Headline inflation rose to 2.1% in September from 1.9%, matching forecasts, per newswires
• 🇯🇵 Core CPI, which strips out fresh food, also hit the 2.1% forecast, a sharp step up from 1.7%

FO view: A hotter underlying print adds to the case for more BoJ tightening and gives the yen some support near the 160 line, though an in-line headline limits the surprise.

23 Oct 2026, 03:47 GST | 00:47 UK (BST)

Not investment advice.