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Japan's Inflation Surges, Rate Hikes Loom Amid Yen Weakness

11/21/2025

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Summary

Story summary

Japan's core prices rose 3.0% in October, above the Bank of Japan (BOJ) 2% target for 43 months, aligning with forecasts and hinting at rate increases.
The core-core inflation rate, excluding fresh food and energy, rose to 3.1% in October.
Ueda cautioned against rate hikes amid uncertainties, including U.S. tariffs.
Katayama signaled possible market intervention amid yen weakness.
The BOJ's next policy meeting is December 18-19.

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Story summary

Japan's core prices rose 3.0% in October, above the Bank of Japan (BOJ) 2% target for 43 months, aligning with forecasts and hinting at rate increases.
The core-core inflation rate, excluding fresh food and energy, rose to 3.1% in October.
Ueda cautioned against rate hikes amid uncertainties, including U.S. tariffs.
Katayama signaled possible market intervention amid yen weakness.
The BOJ's next policy meeting is December 18-19.