{"id":1670904,"date":"2022-10-03T21:53:06","date_gmt":"2022-10-04T01:53:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670904"},"modified":"2022-10-03T21:53:13","modified_gmt":"2022-10-04T01:53:13","slug":"consumer-prices-in-japans-capital-rise-at-fastest-pace-since-2014-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-prices-in-japans-capital-rise-at-fastest-pace-since-2014-2\/","title":{"rendered":"Consumer prices in Japan\u2019s capital rise at fastest pace since 2014"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fconsumer-prices-in-japans-capital-rise-at-fastest-pace-since-2014-2%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670904&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Yoshifumi Takemoto and Leika Kihara<\/p>\n<p>TOKYO (Reuters) -Core consumer prices in Japan\u2019s capital, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, exceeding the central bank\u2019s 2% target for a fourth straight month and marking the biggest gain since 2014.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The data reinforced market expectations that nationwide core consumer inflation will approach 3% in coming months and may cast doubt on the Bank of Japan\u2019s view that recent cost-push price increases will prove temporary.<\/p>\n<p>The Tokyo core consumer price index (CPI), which includes oil products but excludes fresh food prices, was in line with a median market forecast and followed a 2.6% gain in August. It matched a 2.8% gain in June 2014.<\/p>\n<p>Prices rose for a wide range of goods and services from electricity bills and chocolate to sushi and hotel bills, the Tuesday data showed, indicating that more firms were passing on rising raw material costs to households.<\/p>\n<p>\u201cThe data showed price rises were broadening. We\u2019ll likely see core consumer inflation exceed 3% in October,\u201d said Takeshi Minami, chief economist at Norinchukin Research Institute.<\/p>\n<p>\u201cThere\u2019s still a strong possibility inflation will gradually moderate next year due to peaking energy costs and the chance consumers won\u2019t be able to swallow further price hikes.\u201d<\/p>\n<p>The data is among key factors the BOJ will scrutinise when it produces fresh quarterly growth and inflation forecasts at its next policy-setting meeting on Oct. 27-28. The nationwide CPI data for September is due on Oct. 21.<\/p>\n<p>BOJ Governor Haruhiko Kuroda has pledged to keep monetary policy ultra-loose despite the recent rise in inflation, which he sees as driven by temporary factors such as higher fuel and raw materials costs rather than strong consumption.<\/p>\n<p>But signs of broadening price rises prompted some BOJ policymakers to warn last month that inflation may overshoot expectations, highlighting the challenge Kuroda faces in justifying ultra-low interest rates.<\/p>\n<p>The BOJ\u2019s dovish stance, which makes it an outlier among a wave of central banks raising rates to combat rising inflation, has pushed the yen to 24-year lows and inflated the cost of importing already expensive fuel and raw material.<\/p>\n<p>While the BOJ is set to keep interest rates ultra-low, the pace of its money printing is slowing in a sign the central bank is quietly phasing out Kuroda\u2019s radical stimulus programme.<\/p>\n<p>Japan\u2019s monetary base, or the amount of cash circulating in the economy, fell 3.3% in September from a year earlier to mark the first year-on-year decline since April 2012, data showed on Tuesday.<\/p>\n<p>The drop highlights a turning point in Kuroda\u2019s quantitative easing programme deployed in 2013, which aimed at firing up inflation to his 2% target with heavy money-printing.<\/p>\n<p> (Reporting by Yoshifumi Takemoto and Leika Kihara; Editing by Sam Holmes and Edmund Klamann)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/consumer-prices-in-japans\/attachment\/people-make-their-way-at-ameyoko-shopping-district-in-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9210W-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9210W-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) -Core consumer prices in Japan\u2019s capital, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, exceeding the<\/p>\n","protected":false},"author":66,"featured_media":1889475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1670904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/consumer-prices-in-japans\/?utm_source=rss&utm_medium=rss&utm_campaign=consumer-prices-in-japans","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1670904"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889475"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1670904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1670904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1670904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}