Bloomberg
Published Jul 19, 2018 19:34
Updated Jul 19, 2018 22:27
Japan’s Inflation Inches Higher, Adding to Upward Moves in Wages
(Bloomberg) -- Japan’s inflation accelerated slightly in June, building on modest gains in wages and providing a touch of encouragement for the Bank of Japan. Energy costs were a big part of the increase.
Key Takeaways
Weakness in inflation -- which remains far from the 2 percent target -- has reduced speculation that the Bank of Japan may start tightening its ultra-loose monetary policy anytime soon. Without rising energy prices, the picture would be bleaker. The next clues to the BOJ’s thinking come on July 31, when policy makers provide updated forecasts on prices and growth. Private economists and investors have questioned the BOJ’s assertion that inflation momentum has been maintained.
Economist Views
Written By: Bloomberg
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