BOJ debated chance of inflation pick-up towards 2per cent as price hikes broaden

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 14%
  • Publisher: 66%

TOKYO :Some Bank of Japan policymakers saw consumer inflation briefly accelerating towards their 2per cent target as price pressures build up on changing corporate price-setting behaviour, a summary of opinions at the bank's January meeting showed on Wednesday.Many board members, however, stressed the need to

Singapore Headlines News

Singapore Latest News, Singapore Headlines

TOKYO :Some Bank of Japan policymakers saw consumer inflation briefly accelerating towards their 2per cent target as price pressures build up on changing corporate price-setting behaviour, a summary of opinions at the bank's January meeting showed on Wednesday.

"Consumer inflation may temporarily reach levels of around 1.5per cent in the first half of 2022. Whether that momentum is sustained enough for inflation to stably approach the BOJ's 2per cent target would depend on wage and inflation expectations - or in sum the strength of demand," a second opinion said.

But decades of low inflation have made many Japanese firms cautious of raising prices for fear of scaring away consumers, and instead have absorbed costs by streamlining operations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BOJ debated chance of inflation pick-up towards 2per cent - Jan meeting summaryTOKYO :Some Bank of Japan policymakers saw consumer inflation briefly accelerating towards 2per cent as price pressures build up on changing corporate price-setting behaviour, a summary of opinions at the bank's January meeting showed on Wednesday.'There's a chance year-on-year growth in consumer inflation ma
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Thai domestic car sales drop 4.2per cent in 2021, seen higher this yearBANGKOK : Domestic car sales in Thailand fell 17.2per cent in December from a year earlier and dropped 4.2per cent in the whole of 2021, due to coronavirus outbreaks and a shortage of microchips, the Federation of Thai Industries (FTI) said on Monday.Car sales totalled 86,145 units in December and 759,119
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Thai domestic car sales drop 17.2per cent y/y in DecemberBANGKOK : Domestic car sales in Thailand fell 17.2per cent in December from a year earlier to 86,145 vehicles, the Federation of Thai Industries (FTI) according to data from presentation material on Monday.That compared with November's 3.2per cent year-on-year decline. (Reporting by Satawasi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Logitech reports 2per cent decline in quarterly sales; raises outlook:Logitech International reported a 2per cent drop in third-quarter sales as the computer peripherals-maker lapped tough comparisons from a year earlier, when the pandemic boosted demand for its products.However, the maker of keyboards, mice and headsets raised its forecast for the current fiscal year to betwe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

BOJ debated chance of inflation pick-up towards 2%: January meeting summaryTOKYO: Some Bank of Japan policymakers saw consumer inflation briefly accelerating towards 2 per cent as price pressures build up on changing corporate price-setting behaviour, a summary of opinions at the bank\u0027s January meeting showed on Wednesday (Jan 26). \u0022There\u0027s a chance year-on-year growth in consume
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

BOJ debated chance of inflation pick-up towards 2per cent - Jan meeting summaryTOKYO :Some Bank of Japan policymakers saw consumer inflation briefly accelerating towards 2per cent as price pressures build up on changing corporate price-setting behaviour, a summary of opinions at the bank's January meeting showed on Wednesday.'There's a chance year-on-year growth in consumer inflation ma
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »