Japan’s inflation grew 3.6% year on year in March, marking three straight years that the headline inflation figure is above the Bank of Japan’s 2% target. The data release comes as Japan is locked in trade talks with the U.S., with U.S. President Donald Trump writing that “big progress” has been made. Shop owners of a 70-year-old “takoyaki”, or octopus balls, restaurant chat while cooking along a street in the Taito Ward area of Tokyo on February 21, 2025. Richard A. Brooks | Afp | Getty Images
Japan’s inflation grew 3.6% year on year in March, marking three straight years that the headline inflation figure is above the Bank of Japan’s 2% target.
The figure was lower than the 3.7% seen in February.
The so called “core-core” inflation rate, which strips out prices of both fresh food and energy and is closely monitored by the BOJ, climbed to 2.9% from 2.6% in the month before.
Core inflation in the country — which strips out prices of fresh food — came in at 3.2%, in line with