Inflation in Japan hits 3% for first time in more than 3 decades

Japan’s inflation rate reached 3% for the first time in more than three decades, with the exception of the 2014 rise due to the impact of timely tax increases, an acceleration that raises doubts about the need for further stimulus by the central bank.

According to Al Arabiya, the rise in consumer prices during September on an annual basis, with the exception of fresh foodstuffs, corresponds to analysts’ expectations.

The rise in inflation in Japan comes amid the escalation of global funds’ bets against the Bank of Japan’s accommodative policy.

Some expectations point to a rise in inflation to 3.3% or 3.4% in October.