TokyoThe Bank of Japan’s 1.25% rate is a 31-year high.

Japan is easing household costs with a food tax cut while its central bank fights inflation.

Finance Minister Satsuki Katayama told parliament import-cost inflation is nearing a shift to wage-driven inflation.

Katayama conceded tax cuts generally push inflation up, but says she sees no gap with the central bank.

The Bank of Japan decides on rates on 30 October.

How each outlet framed it
Reuters
has Katayama concede tax cuts push inflation up while denying any policy gap with the BOJ

Sources: Reuters