Japan’s overall consumer prices continued to rise more than 3% in August

TOKYO — Japan’s overall consumer prices rose 3.2% from a year earlier in August, staying above the Bank of Japan’s inflation target for 2%, government data showed Friday.

The figure compares with the 3.3% increase in July.

Consumer inflation excluding volatile fresh food and energy increased 4.3% from a year earlier, matching July’s pace of growth.

In July, the Bank of Japan raised its cap for the 10-year Japanese government bond yield to 1% from 0.5%. The BOJ is set to release its latest rate decision later in the day.

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