Will Japan’s core inflation (excluding fresh food) exceed 3% for any single quarter before the end of 2026?

Japan's Inflation: Will It Hit 3% Again?

Japan briefly saw elevated inflation in the mid-2020s after decades of stagnation. This prediction asks whether core inflation can break 3% again before 2026 ends.

Why Most Say 'No'

Wage growth remains moderate, and the BOJ’s cautious tightening helps stabilize price pressures. Without major supply shocks or yen collapses, analysts expect inflation to settle lower. Still, Japan’s inflation dynamics remain unpredictable after recent structural shifts.