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Tokyo Inflation Surges to 2.8% Amid Rising Food Costs

10/31/2025

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Summary

Story summary

Tokyo core inflation rose to 2.8% in October, exceeding the Bank of Japan's target.
The rise was driven by high food costs, including a 38% rise in rice prices.
The Bank of Japan kept its policy rate at 0.5%, with two board members calling for a hike.
Despite inflation, authorities emphasize solid domestic demand and wage growth before increases.
Japan's factory output rose 2.2% in September.

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Story summary

Tokyo core inflation rose to 2.8% in October, exceeding the Bank of Japan's target.
The rise was driven by high food costs, including a 38% rise in rice prices.
The Bank of Japan kept its policy rate at 0.5%, with two board members calling for a hike.
Despite inflation, authorities emphasize solid domestic demand and wage growth before increases.
Japan's factory output rose 2.2% in September.