Here's When Japan's Inflation May Begin Easing, Says Expert

Japan’s core consumer price index (CPI) increased 3.7% on an annualized basis in November, recording the fastest pace since December 1981 and compared to 3.6% in the previous month.

The latest reading also came in above the Bank of Japan’s inflation target of 2%. Nationwide CPI for all items came in at 3.8% last month.

On CNBC, Sayuri Shirai of Keio University said inflation was expected to pick up in November.

Don’t forget to check out Benzinga's premarket coverage here.

Inflation in the country might also come in higher during the month of December but is expected to slow down from the next year. Japan's inflation might also start going down below the central bank’s 2% target towards the end of next year, Shirai added.

Read Next: Why Cinemark, Liberty SiriusXM And Other Oversold Majors In The Communication Services Sector Look Promising

Photo: Sean Pavone via Shutterstock