According to CoinMeta, a indicator used by the Bank of Japan to measure potential inflation has soared to its highest level in three years, far exceeding its target of 2%, providing support for the authorities to continue raising interest rates. A report released by the Bank of Japan on Tuesday showed that consumer prices in September, excluding fresh food and special factors, rose by 3.2% year-on-year, an acceleration from 2.6% the previous month. Before the release of this data, the Bank of Japan had already raised borrowing costs to 1.25% in September, which is the fastest pace of tightening since 1990. The latest data may reinforce market speculation about further interest rate hikes in the short term. The market generally expects the Bank of Japan to maintain its policy settings at its Friday policy meeting, although many predict that the bank may announce that potential inflation has finally reached its 2% target.