A customer visited a store on the Ginza shopping street in Tokyo on January 23, 2025.
Philip Fong | AFP | Getty Images
Japan’s inflation rate rose to 4% in January, reaching its highest level since January 2023.
Core inflation does not include the price of fresh food – rose to 3.2%, surpassing economists’ expectations of 3.1%. This number is the highest since June 2023.
The so-called “core” inflation rate lowered the prices of fresh food and energy and was closely monitored by BoJ, climbing slightly to 2.5%.
After the data was released, the yen had a slight gap of $149.59.
The data is rising 0.7% and 2.8% respectively after the country’s GDP growth was expected on a quarter- and annualized basis.
However, the GDP growth rate for the full year in 2024 was slower to 0.1%, a sharp decline from the 1.5% growth in 2023.
