Japan's Core Inflation Rises for Third Consecutive Month in July

Central Bank Faces Complicated Decisions as Core-Core Inflation Falls Below 2%

Japan's core consumer price index increased by 2.7% in July, matching market forecasts.
Core-core inflation, excluding fresh food and energy, dropped to 1.9%, the lowest since September 2022.
The Bank of Japan raised interest rates to a 15-year high in July, signaling potential further hikes.
Japan's economy showed stronger-than-expected growth in the second quarter, driven by robust consumption.
Investors are closely watching Federal Reserve Chairman Jerome Powell's comments at the Jackson Hole meeting.