Japan August Core Inflation at 3.1%

The video discusses Japan's core CPI, which rose by 3.1% in August, marking the 15th consecutive monthly increase. This rise is slightly lower than July's 3.3% and below the median projection of 3.2%, yet it remains above 3% for the fifth month. The increase is partly due to a consumption tax hike from 5% to 8% in April. The Bank of Japan (BOJ) aims for a 2% inflation rate, excluding the tax hike effect, and plans to continue easing policies until this target is met. The yen, currently weak and trading at 108.56, has fallen 6.7% this quarter, which the BOJ hopes will help boost prices.

What was the percentage increase in core CPI in August compared to the previous year?

• 3.0%

• 3.2%

• 3.3%

• 3.1%

When did Japan implement the consumption tax hike?

• May

• June

• April

• March

What is the Bank of Japan's target inflation rate, excluding the tax hike effect?

• 4%

• 2%

• 3%

• 1%

How has the yen performed recently according to the transcript?

• Strongest in six years

• Weakest in six years

• Unchanged

• Moderately strong

What percentage did the yen fall this quarter?

• 5.7%

• 6.7%

• 7.7%

• 8.7%