Japan's core inflation in October remained above the Bank of Japan's 2% target, indicating persistent price pressures in the economy.

The data revealed that an index excluding fuel costs accelerated, suggesting that inflationary trends are broadening beyond energy prices.

This development intensifies the scrutiny on the central bank's monetary policy, as the pressure mounts to consider raising the currently low interest rates.

Analysts are closely monitoring these inflation figures, as they could influence future policy decisions by the Bank of Japan amid ongoing economic challenges.