Japan's Inflation Conundrum: A Weakening Case for Rate Hikes? Japan's core inflation has softened to its lowest level since March 2022, a trend that raises questions about the Bank of Japan's (BOJ) plans for rate hikes.
The latest data puts core inflation at 1. 4%, below expectations and the central bank's target.
This development is significant because it erodes consumer purchasing power further, making price increases even more challenging to absorb.