Japan's Core Inflation Rises to 2.1%, Breaking 2% Mark for First Time This Year

Japan's core consumer inflation rose to an annual rate of 2.1%, breaking the two percent threshold for the first time this year, news agency Saba and The Japan Times reported.

According to the reports, the uptick in inflation past two percent bolsters expectations across financial markets for further interest rate hikes by the country's policymakers. The reading marks a shift in the price trajectory recorded in Japan so far this year.

Further details regarding specific components of the index or the timing of upcoming interest rate decisions have not yet been released.