After the Bank of Japan indicated its assessment of an underlying 2% trend, September core CPI excluding special factors accelerated sharply. The abolition of the provisional gasoline tax rate and subsidies may have had an impact.
After the Bank of Japan indicated in September that it saw an underlying 2% trend, growth in the core consumer price indicator excluding special factors reportedly accelerated sharply.
The latest indicator includes factors such as the abolition of the provisional gasoline tax rate and subsidies, and some view their impact as having contributed to the movement in core CPI.