AI Data Insight
In September 2026 (Q3 2026), the month-on-month (MoM) growth rate of the Tokyo CPI in Japan was reported at 0.1%, a significant slowdown from the previous 0.4%, indicating a slight cooling of short-term upward price momentum. However, external data shows that due to the low base effect from last year and the phasing out of government subsidies, its year-on-year (YoY) growth rate surged to 2.7%. The market widely expects that the structural spread of inflation pressure will provide a strong rationale for the Bank of Japan's subsequent interest rate hikes.