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Japan's core consumer prices ticks up 1% YOY in September

Consumer prices in Japan, excluding fresh food items, rose 1% year over year in September before seasonal adjustment and edged up 0.1% from August after adjustments, the Ministry of Internal Affairs and Communications said Oct. 19.

Excluding fresh food and energy items, prices were up an annual 0.4% in September, but were unchanged from August on a seasonally adjusted basis.

The consumer price index for September came in at 101.7, up 1.2% year over year before seasonal adjustment, and remained unchanged from August on a seasonally adjusted basis.

Bank of Japan Governor Haruhiko Kuroda on Oct. 18 said that consumer inflation was "moving around 1%," Reuters reported.

Kuroda gave a more positive view on prices than he did three months ago when he had said inflation was moving around 0.5% to 1%. The BOJ aims to achieve 2% inflation target.