Japan August inflation seen accelerating, boosting case for BOJ rate hike

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Japan August inflation seen accelerating, boosting case for BOJ rate hike
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TOKYO : Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the central bank's 2 per cent target and keeping alive expectations for more rate hikes ahead.

TOKYO : Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the central bank's 2 per cent target and keeping alive expectations for more rate hikes ahead.

The core Consumer Prices Index , which excludes fresh food but includes energy items, likely rose 2.8 per cent year-on-year in August, ticking up from a 2.7 per cent rise in the previous month. Meanwhile, economists predicted exports likely rose 10 per cent year-on-year in August, slightly slower than July's 10.3 per cent gain.

The internal affairs ministry will release the CPI data at 8:30 a.m. on Sept. 20 , and the finance ministry will announce the trade statistics at 8:50 a.m. on Sept. 18 .

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