More than 1,400 food items are expected to increase in price in November, while the Bank of Japan's policy framework enters a new phase after 14 years. After the 2% inflation target is achieved, containing inflation is attracting attention as the challenge ahead.
More than 1,400 food items are reported to be set for price increases toward November. Given the large number of affected items, upward pressure on prices in Japan is said to have the potential to spread broadly.
The Bank of Japan's policy framework is reported to be moving into a phase beyond its longstanding framework, with views expressed that a different approach from the past will be required.
As achieving the long-term goal of curbing price increases is being discussed, sustaining inflation control after reaching the 2% inflation target has been identified as a challenge.
The article is based on reporting by TBS NEWS DIG and has been compiled as information on the auone News portal.