TOKYO — Japan’s overall consumer prices rose 3.2% from a year earlier in August, staying above the Bank of Japan’s inflation target for 2%, government data showed Friday.
The figure compares with the 3.3% increase in July.
Consumer inflation excluding volatile fresh food and energy increased 4.3% from a year earlier, matching July’s pace of growth.
In July, the Bank of Japan raised its cap for the 10-year Japanese government bond yield to 1% from 0.5%. The BOJ is set to release its latest rate decision later in the day.
Read the full article here
