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Japan September inflation edges higher for first time since May
Government stockpiled rice, which was transported by bullet train, or the “shinkansen”, into the capital is handed over to those who pre-ordered bags, at Tokyo Station on June 10, 2025.
Str | Afp | Getty Images
Japan’s core inflation rate accelerated to 2.9% in September, the first increase since May and in line with expectations from economists polled by Reuters.
This was higher than the 2.7% seen in August. The core inflation metric in Japan strips out the prices of fresh food but includes energy costs.
Headline inflation in Japan also climbed to 2.9% from 2.7% the previous month, above the Bank of Japan’s 2% target.
In contrast, the so-called “core-core” inflation rate — which strips out both fresh food and energy costs and is closely monitored by the BOJ — eased to 3% from 3.3% in August.
Rice inflation, which drew headlines earlier this year, eased sharply to 49.2%, down from 69.7% the previous month. In May, rice inflation hit 101.7%, the highest level in over 50 years.
Japan’s Nikkei 225 was 0.78% up after the decision, while the yen strengthened marginally to trade at 152.53 against the dollar.
The data comes as Japan sees a new prime minister in Sanae Takaichi, who inherits an economy beset by trade uncertainties, cost-of-living worries, and a central bank determined to raise interest rates and normalize monetary policy.
Inflation will be a major bugbear for Takaichi to tackle, experts previously told CNBC. Japan has a large population of retirees drawing pensions and those on a fixed income, making inflation “very painful” for them, Tomohiko Taniguchi, Special Advisor at the Fujitsu Future Studies Center, told CNBC’s “Squawk Box Asia” on Oct 13.
“How to tackle inflation is going to be the first litmus test to judge whether Takaichi could deliver a policy package,” Taniguchi said.
Headline inflation has been above the BOJ’s target for 41 straight months, a run stretching back to April 2022.
Jesper Koll, expert director at financial services firm Monex Group told CNBC on Wednesday after Takaichi took power that “if inflation in Japan is still is not below 2% in six to nine months time, the popularity of this cabinet is going to plummet because [to] the Japanese people… the number one, number two, number three concern is inflation.”
Takaichi was reportedly planning an economic stimulus package of more than 13.9 trillion yen ($92.19 billion) to help households cope with inflation, investment in growth industries, and national security, Reuters reported on Oct. 22. The package could be announced as early as next month.
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Hyundai Motor Hosts 15th World Skill Olympics, Pitting Technicians Against Real-World Repair Challenges
- The global skills competition for Hyundai Motor Company’s top technicians has been held biannually since 1995
- 75 participants from 50 countries from around the world, gathered at the Global Learning Center in Cheonan, Korea from October 20–23
- Technicians were evaluated through written and practical tests in three categories: internal combustion engine vehicles, electric vehicles and commercial vehicles
SEOUL, October 23, 2025 – Hyundai Motor Company hosted the 15th World Skill Olympics from October 20 to 23 at the Global Learning Center (GLC) in Cheonan, South Korea, bringing together technicians from around the world to demonstrate their skills in a structured competition.The company’s World Skill Olympics, began in 1995, takes place every two years. It serves as a platform for Hyundai Motor technicians worldwide to demonstrate their skills and exchange technical knowledge.
This year’s competition featured 75 outstanding technicians from 50 countries, who earned their spots through regional qualifiers. Participants included representatives from regions, such as Europe, the Middle East, Latin America and Southeast Asia.
Hyundai Motor conducted evaluations in three categories: internal combustion engine vehicles, electric vehicles, and commercial vehicles.
Notably, beginning with the last competition, Hyundai Motor introduced virtual reality (VR) assessments, enabling the safe evaluation of challenging, high-risk maintenance tasks in realistic environments. The company plans to actively use the evaluation data gathered from this competition for future technician training programs.
On the final day, Hyundai Motor hosted an awards ceremony to honor the top performers in each category. The top three participants from each discipline received gold, silver and bronze trophies, along with cash prizes.
The overall winner of the competition, Mr. Dovydas Cole from the United States, achieved the highest score among all participants.
In addition, this year’s awards ceremony featured a congratulatory video message from José Muñoz, President and CEO of Hyundai Motor Company, marking the successful conclusion of the 15th World Skill Olympics and recognizing the efforts of all the participating technicians.
Going forward, Hyundai Motor plans to encourage the growth of regional competitions to further enhance the technical skills of its global technicians and foster pride among its workforces.
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About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
Follow our Hyundai Global Newsroom Instagram channel @hyundai_mediahub
Jihyun Park
Global PR Team / Hyundai Motor Company
pjh85@hyundai.com
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