Japan Core CPI Slows in August, Below Forecast as BOJ Rate-Hike Expectations Hold

Japan's core consumer price index rose 1.7% year on year in August, slowing from 1.8% in the previous month and below the market forecast of 1.8%. According to Sina Finance, citing Japan's Ministry of Internal Affairs and Communications, this was the seventh straight month that core CPI remained below the Bank of Japan's 2% target.