Bank of Japan sees broadening inflationary pressure

What happened: The Bank of Japan said cost-driven price increases are spreading to consumer goods, with some firms raising prices more often, and flagged broadening inflationary pressure after its quarterly regional branch managers meeting. Key numbers: The BOJ raised its key rate to a 31-year high last month and meets on October 29 and 30 to release fresh growth and Why it matters: The assessment reinforces market expectations that the BOJ will raise interest rates again this year, with analysts focused on how producer price pressure passes through to consumer inflation and consumption.

The Bank of Japan said cost-driven price increases are spreading to consumer goods, with some firms raising prices more often, and flagged broadening inflationary pressure after its quarterly regional branch managers meeting.

The assessment reinforces market expectations that the BOJ will raise interest rates again this year, with analysts focused on how producer price pressure passes through to consumer inflation and consumption.