TOKYO :Japan's core consumer inflation re-accelerated in June and stayed above the central bank's 2 per cent target for the 15th straight month, data showed on Friday, adding to recent signs of broadening price pressures.
The nationwide core consumer price index , which excludes fresh food costs, rose 3.3 per cent in June from a year earlier, matching a median market forecast. It followed a 3.2 per cent gain in May. Services prices, closely watched by policymakers on whether inflation is becoming driven more by higher labour costs, rose 1.6 per cent in June from a year earlier after a 1.7 per cent gain in May.
As inflation perks up, markets are simmering with speculation the BOJ could soon phase out its controversial yield curve control policy that is criticised for distorting market pricing and narrowing margins for financial institution.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's govt cuts growth forecast, sees inflation exceeding BOJ targetTOKYO : Japan's government cut this year's economic growth forecast but expects inflation to sharply exceed the central bank's 2 per cent target in new projections released on Thursday, acknowledging growing signs of change in the country's deflationary mindset.In a mid-year review of its forecasts, the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan cuts growth forecast, sees inflation exceeding BOJ targetTOKYO: Japan's government cut this year's economic growth forecast but expects inflation to sharply exceed the central bank's 2 per cent target in new projections released on Thursday (Jul 20), acknowledging growing signs of change in the country's deflationary mindset. The estimates come ahead of the Bank
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan visitors top 2 million in June for first time since pandemicTOKYO: Tokyo sushi stalwart Kyubey is among Japanese retail businesses riding a tourism boom, fuelled by the weak yen and fostering an increase in consumer prices and hopes for a boost to the broader e
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan visitors top 2 million in June for first time since Covid-19The slide in the Japanese yen has made holidays to the country the cheapest in decades. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Japan June exports rise 1.5% yr/yr - MOFTOKYO : Japan's exports in June rose 1.5 per cent from a year earlier, Ministry of Finance (MOF) data showed on Thursday.The rise was less than a 2.2 per cent gain expected by 15 economists in a Reuters poll. It followed a 0.6 per cent rise in May.Imports fell 12.9 per cent year-on-year in June, ve
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan exports underwhelm in June, global weakness drags on economyTOKYO : Japan's annual exports grew much-less than expected in June, highlighting weak global demand that continues to undercut the post-COVID recovery in the world's third-biggest economy.The risk of a world recession amid sweeping monetary policy tightening since last year has cast a pall over export-le
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »