Core inflation, in at 3.1% vs. 3.0% expected and core-core (which strips away the effect of both volatile fresh food and fuel prices and is the closest to the US measure of core inflation) in at 4.3% vs. 4.3% expected) are both solidly well above the Bank of Japan 2% target.
- core inflation was above the BOJ's 2% target for the 17th straight month
![Japan August cpi inflation 2023](https://images.forexlive.com/images/Japan%20August%20cpi%20inflation%202023_id_c7e8c590-1e2c-4284-86c7-5b67df17d6b3_size900.jpg)
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The big event out of Japan today is the Bank of Japan statement.