{"id":147116,"date":"2025-10-27T02:34:11","date_gmt":"2025-10-27T02:34:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/147116\/"},"modified":"2025-10-27T02:34:11","modified_gmt":"2025-10-27T02:34:11","slug":"recap-japans-service-inflation-quickens-reinforcing-bojs-confidence-ahead-of-meeting","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/147116\/","title":{"rendered":"Recap &#8211; Japan\u2019s service inflation quickens, reinforcing BOJ\u2019s confidence ahead of meeting"},"content":{"rendered":"<p data-v-4026719d=\"\">Japan\u2019s service inflation accelerates: <\/p>\n<p data-start=\"215\" data-end=\"439\" data-v-4026719d=\"\">A key gauge of Japan\u2019s service-sector inflation rose for the second consecutive month in September, reinforcing the Bank of Japan\u2019s (BOJ) confidence that rising labour costs will help keep inflation near its 2% target.<\/p>\n<p data-start=\"441\" data-end=\"640\" data-v-4026719d=\"\">Data from the BOJ showed the services producer price index, which measures prices charged between companies for services, climbed 3.0% year-on-year, up from 2.7% in August.<\/p>\n<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">increase driven by price gains in labour-intensive sectors such as hotels and construction<\/li>\n<li data-v-4026719d=\"\">points to persistent staff shortages and rising wage pressures.<\/li>\n<\/ul>\n<p data-start=\"810\" data-end=\"1159\" data-v-4026719d=\"\">This data has hit just ahead of the BOJ\u2019s two-day policy meeting ending Thursday<\/p>\n<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">BOJ policymakers are widely expected to hold short-term interest rates at 0.5%<\/li>\n<li data-v-4026719d=\"\">the BOJ ended its decade-long stimulus programme last year<\/li>\n<\/ul>\n<p data-start=\"1161\" data-end=\"1369\" data-v-4026719d=\"\">The Bank delivered its first rate hike in January, signalling growing confidence that inflation is now self-sustaining<\/p>\n<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">consumer inflation has remained above 2% for more than three years<\/li>\n<li data-v-4026719d=\"\">the BOJ has said it is prepared to gradually raise borrowing costs further if wage growth continues to support stable price gains.<\/li>\n<\/ul>\n<p data-v-4026719d=\"\">&#8212;<\/p>\n<p data-v-4026719d=\"\">The data keeps the door open to gradual hikes. Persistent service-sector inflation may keep upward pressure on the yen and Japanese bond yields. <\/p>\n<p data-v-4026719d=\"\">USD\/JPY meanwhile is around 152.98, tracking a small range only so far today.<\/p>\n","protected":false},"excerpt":{"rendered":"Japan\u2019s service inflation accelerates: A key gauge of Japan\u2019s service-sector inflation rose for the second consecutive month in&hellip;\n","protected":false},"author":2,"featured_media":86366,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[86765,79,179,18,19,17],"class_list":{"0":"post-147116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-boj-japan-service-inflation","9":"tag-business","10":"tag-economy","11":"tag-eire","12":"tag-ie","13":"tag-ireland"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115443798113738093","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/147116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=147116"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/147116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/86366"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=147116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=147116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=147116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}