AI Data Insight
The latest Q3 data shows that the Tokyo core CPI index rose to 102.5, a significant increase from the previous 102.0, indicating that price pressures continue to expand. External consensus notes that the core CPI year-on-year growth rate hit 2.7% in September, decisively breaching the BOJ's 2% target. Driven by the phase-out of policy subsidies and cost pass-throughs, the broad resurgence in inflation is significantly strengthening market expectations for another rate hike by the Bank of Japan.