Japanese inflation accelerating Central Bank Governor to explain the monetary policy outlook

On August 23, Jin10 Data reported that the pump speed of Japan's major prices in July has accelerated, which is the latest sign of rising living costs. The data shows that the core CPI, excluding fresh food, rose by 2.7% compared to the same period last year, higher than 2.6% in June. It meets market expectations. The stickiness of the core inflation indicator indicates that the Central Bank of Japan may continue to consider further interest rate hikes. Governor of the Central Bank of Japan, Haruhiko Kuroda, will explain the prospects for monetary policy at a special hearing held in the parliament this morning. The interest rate hike by the Central Bank of Japan at the end of July has triggered a big dump in global markets to some extent. Economists expect that Kuroda will downplay some of the hawkishness he showed last month and try to reassure investors that he will not rush to raise interest rates and will not overlook the need to maintain market stability when considering policies.