Japan Core Inflation growth slows in September

Japan’s core consumer prices (excluding fresh food) increased at a more moderate pace of 0.2% m-o-m in September (August: +0.3%), lower than the consensus forecast of 0.3%. the slower increase in inflation supported the argument that Bank of Japan will refrain from raising interest rates and all but one economists surveyed by Bloomberg expect Bank of Japan to keep rate steady at 0.25%.