Rise in Japan’s Inflation Boosts Abenomics

A rise in Japan’s key inflationary gauge Friday raised hopes that the world’s third-largest economy was on course to expel its inflationary demons, but analysts told CNBC there was still much work to be done.
Japan’s nationwide core consumer price index (CPI) climbed 0.7 percent on year in September. While slightly lower than August’s 0.8 percent rise, the rise marked the fourth consecutive uptick.

The steady rise will be welcomed by the country’s central bank governors, who are aiming to reach a target of 2 percent inflation by the end of 2014, as part of the government’s plan to radically overhaul the economy and end 15 years of deflation.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza