Japan's inflation rate in October rose slightly, and Mayor Takashima is preparing to introduce an economic plan to ease price pressures.

Japan's inflation rate in October rose slightly, expected to support the central bank's gradual interest rate hike path in the coming months. At the same time, Prime Minister Koshi Sanae is preparing to launch a comprehensive economic package aimed at alleviating public dissatisfaction with rising living costs. According to data released by the Japanese government on Friday, the consumer price index, excluding fresh food, rose by 3% year-on-year, in line with economists' median estimates, higher than the 2.9% increase in September. Japan's inflation rate has not fallen below the central bank's target of 2% for 43 consecutive months, the longest period since 1992. The consumer price index, excluding energy, which better reflects inflation trends, increased from 3% to 3.1%. Koshi Sanae is expected to announce her first economic package later on Friday. Since taking office as prime minister last month, she has promised to address public dissatisfaction with the pressure of living costs. It is expected that she will introduce the largest spending plan since the outbreak of the epidemic, highlighting her position of pursuing an active fiscal policy.