scorecardresearchJapan's inflation hits near 8-year high, stays above BOJ's target

Japan's inflation hits near 8-year high, stays above BOJ's target

Updated: 20 Sep 2022, 08:25 AM IST
TL;DR.
The strength of August inflation reinforced growing suspicions among economists that price pressure will last longer than the Bank of Japan (BOJ) has been expecting, though many still expect no immediate change to its ultra-easy policy.
A woman makes her way in the rain caused by typhoon Nanmadol in Tokyo, Japan September 20, 2022. REUTERS/Kim Kyung-Hoon

A woman makes her way in the rain caused by typhoon Nanmadol in Tokyo, Japan September 20, 2022. REUTERS/Kim Kyung-Hoon