Japanese inflation breaks 2% for the first time this year

Inflation topped 2% in Japan for the first time this year, putting more pressure on the central bank to stay vigilant against rising prices and raise rates. Government data released on Friday showed that overall consumer prices rose 2.1% year over year in September. Inflation excluding volatile fresh food also stood at 2.1%, the highest since December last year and matching a forecast by analysts.

The reading excluding both fresh food and energy was 2.4%.