Stable at 3%! Japanese inflation provides plenty of reasons for the highest interest rates in 30 years to emerge.

Zhitong Financial APP learned that Japan's core inflation index has remained stable at 3% for the second consecutive month. Just a few hours before the Bank of Japan is scheduled to hold its interest rate meeting, this data indicates that price pressures remain high. It is widely expected in the market that the Bank of Japan will implement its first rate hike since January of this year.