: Japan's core consumer prices rose 3.6 percent year-on-year in October, the government said Friday, the highest level in four decades due largely to rising energy costs and a weak yen.
Last month, Prime Minister Fumio Kishida said the government would spend $260 billion on a stimulus package to cushion the economy from the impact of a weak yen and inflation. Inflation in Japan remains below the sky-high levels in the United States and elsewhere that have prompted the US Federal Reserve and other central banks to sharply hike interest rates.
However, the central bank sees recent price rises as temporary, and so has gone against the grain, keeping monetary easing policies in place that are designed to promote sustainable growth.
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