Japanese inflation breaks 2% for the first time this year

What happened: Japanese inflation topped 2% for the first time this year, with government data showing overall consumer prices rising in September. Key numbers: Overall consumer prices rose 2.1% year over year in September. Inflation excluding fresh food was also 2.1%, the highest since December last year and matching analyst forecasts. The reading excluding fresh food and energy was 2.4%. Why it matters: The reading puts more pressure on the central bank to stay vigilant against rising prices and raise rates.

Japanese inflation topped 2% for the first time this year, with government data showing overall consumer prices rising in September.

The reading puts more pressure on the central bank to stay vigilant against rising prices and raise rates.