Japan's inflation rate accelerated to an actual 2.8% in February, marking the first increase in four months and staying above the Bank of Japan's 2% target for 23 consecutive months. This uptick in inflation, which was quicker than the forecast of 2.9% and a jump from the previous 2.2%, is the quickest pace observed in the past four months. Notably, consumer prices excluding fresh food rose by 2.8%. This development prompts speculation on whether the Bank of Japan (BOJ) might consider an additional interest rate hike following its first since 2007. Concurrently, Japan's Nikkei 225 Index surged past 41,000 for the first time in history, reflecting heightened market activity and optimism.
Market Alert | ASIA: Japan’s Nikkei 225 crossed 41,000 intraday to hit a fresh all-time high on Friday https://t.co/XkH4VBNyct
Market Alert | ASIA: Japan hits a fresh all-time high on Friday https://t.co/0KsqryidFt
Japan inflation rises to 2.8% in February: Japanese inflation accelerated to 2.8 percent in February, data showed Friday, staying above the Bank of Japan's two-percent target meant to fight stagnation. The year-on-year rise in… https://t.co/LyopEmwGD4 #japannews #japantoday
⚠️ JUST IN: *JAPAN'S NIKKEI 225 INDEX RISES ABOVE 41,000 FOR THE FIRST TIME IN HISTORY 🇯🇵🇯🇵 https://t.co/7Z33PJPnnk
Japan’s consumer inflation has accelerated to the quickest pace in four months, an outcome that will keep markets focused on the Bank of Japan's move. https://t.co/hHiS6lVdJs
JUST IN 🚨: Japan's core inflation accelerates to 2.8%, the first increase in 4 months. Japan's core inflation has now been above the Bank of Japan's 2% target for 23 consecutive months. https://t.co/IKyqM3oH30
Nikkei 225 crosses 41,000 as #Japan inflation accelerates in February. Consumer prices excl fresh food rose 2.8% in Feb YoY, w/the pace speeding up from 2% in Jan. https://t.co/S1YrpEGy5M
Japan’s inflation accelerated to the quickest pace in four months, which will keep markets focused on whether the BOJ might follow its first interest rate hike since 2007 with an encore https://t.co/B25dLbBUzl
Japan's inflation rose for the 1st time in 4 months in February https://t.co/HdbA9NJmuL
🔴 ⚠️ BREAKING: JAPANESE CPI OVERALL NATIONWIDE ACTUAL 2.8% (FORECAST 2.9%, PREVIOUS 2.2%) $MACRO