The core consumer price inflation rate in Japan has reportedly climbed to 3.7% in November. It is worth mentioning that this is the largest increase observed since 1981, during which time, Middle East conflict had hindered oil production and drove up energy costs.
Japanese residents are now suffering from rising costs despite sluggish earnings after the nation spent decades attempting to boost inflation. The Bank of Japan (BOJ) maintained its ultra-loose monetary system up until this point in order to stimulate its financial structure.
To the market's astonishment, it increased the ceiling on the interest rate on its 10-year governm