BOJ Set for Rate Hike as Core Inflation Reaches 1.8%

Japan's core consumer inflation has accelerated to 1.8% in July, driven by import costs and a weak yen.

The data is expected to influence the Bank of Japan's decision at its next policy meeting on September 17 and 18.

Analysts predict that the BOJ will raise interest rates to 1.25% from the current 1%, with some expecting more aggressive hikes in the future.