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 is the Bank of Japan's inflation target?

What has been the trend of the yen's value recently?