Tag - inflation

 
 

INFLATION

Japan's core consumer inflation slowed in July but remained above the Bank of Japan's price target for the 16th straight month.
BUSINESS
Aug 18, 2023
Japan’s 'sticky' inflation trend may keep BOJ on edge over prices
Prices excluding energy and fresh food increased 4.3% from the previous year, matching the record set in May, which was the fastest since 1981.
U.S. Treasury Secretary Janet Yellen speaks at an event in Las Vegas on Monday.
WORLD / Politics
Aug 16, 2023
Yellen's Las Vegas stop shows Bidenomics can be a tough sell
Even as Americans feel the benefits, it's not clear this approach will deliver Biden the votes he needs in 2024.
Argentine presidential candidate Javier Milei (center) on stage at his campaign headquarters on the day of Argentina's primary elections, in Buenos Aires on Sunday
WORLD / Politics
Aug 14, 2023
Argentine far-right outsider posts shock win in primary election
With some 90% of ballots counted, far-right libertarian economist Javier Milei had 30.5% of the vote, far higher than predicted.
The Bank of Japan's attempts to dismantle ultraloose monetary policies have led to unexpected market reactions and left some investors struggling to understand the central bank's intentions.
COMMENTARY / Japan
Aug 10, 2023
The BOJ gets a new doctrine. It’s just keeping it to itself.
The BOJ is likely sincere when it says the 2% price goal is still some way off, even if one member seemingly believes it’s on the horizon.
Japan's wholesale inflation slowed in July year-on-year due to softer energy costs.
BUSINESS / Economy
Aug 10, 2023
Japan's wholesale inflation slowed in July for seventh month
The slowing pace of increases, due to softer energy utility costs, suggest pressures that drove up consumer prices are running their course.
A shopper at a Beijing grocery store in 2022. China's consumer and producer prices have both declined from 12 months ago, indicating that the world’s second-largest economy may be weakening.
BUSINESS / Economy
Aug 9, 2023
China shows signs of deflation as consumer and factory prices fall
A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on China's economic recovery.
Nominal cash earnings for workers in June rose 2.3% from the previous year, decelerating from a revised 2.9% clip in the previous month.
BUSINESS / Economy
Aug 8, 2023
Wage growth slowed in June, boosting case for BOJ to hold firm
The unexpected slowdown suggests the labor market may be losing some steam, and clouds prospects for the Bank of Japan’s sustainable inflation goal.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference, following the central bank's policy meeting, on July 28.
BUSINESS
Aug 7, 2023
BOJ debated chance of sustained inflation at July meeting
The central bank's upbeat view on the inflation outlook suggests they are now more convinced that conditions for phasing out stimulus could fall in place.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023
BOJ tweak not prelude to ultralow rates exit: deputy governor
Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
Bank of Japan Gov. Kazuo Ueda gives a news conference in Tokyo on Friday. The BOJ jolted financial markets by loosening its grip on bond yields.
COMMENTARY / World
Jul 30, 2023
BOJ yields some control, but also throws a curveball
In trying to keep several plates spinning as it pertains to monetary policy and inflation, BOJ Gov. Kazuo Ueda steps on his message.
Bank of Japan headquarters in Tokyo on Friday. The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade, one of this year's most popular strategies, as the currency inevitably becomes more expensive.
BUSINESS / Economy / ANALYSIS
Jul 29, 2023
Bank of Japan's opaque policy shift means stronger and wilder yen
The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade.
Kazuo Ueda, governor of the Bank of Japan, speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023
BOJ to allow ‘greater flexibility’ with yield curve control policy
The bank also raised its inflation forecast in the quarterly outlook, projecting that consumer prices for fiscal 2023 will be 2.5%.
Core inflation in Japan's capital slowed in July but remained well above the Bank of Japan's 2% target.
BUSINESS / Economy
Jul 28, 2023
Tokyo CPI growth tops consensus, focusing attention on BOJ
Consumer prices excluding fresh food rose 3% in the capital, beating analysts’ forecast of a 2.9% increase, underscoring the stickiness of underlying inflation.
International Monetary Fund chief economist Pierre-Olivier Gourinchas
BUSINESS / Economy
Jul 26, 2023
IMF urges BOJ to move away from yield control and prepare for future tightening
The remarks came ahead of the BOJ's meeting on Friday, where the board will release price forecasts and debate whether to adjust policy.
Bank of Japan Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming by emphasizing his doubts about the sustainability of price rises.
BUSINESS / Economy
Jul 25, 2023
BOJ set to stick with easing as markets see clock ticking on yield control
Since taking the helm in April, Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming.
Rengo members cheer during their annual May Day rally to demand higher pay and better working conditions, in Tokyo on April 29.
BUSINESS
Jul 21, 2023
Japanese unions urge employers to continue wage hikes next year and beyond
Rengo made the demand as it reviewed the results of its annual spring wage talks that concluded earlier this month, which saw major companies agree to the largest raises in 30 years.
Residential buildings in the Kachidoki area of Tokyo. The average unit price of newly supplied condominiums in the greater Tokyo area in the first six months of this year reached the highest level for the six-month period due to rising material and labor costs and higher land prices.
BUSINESS
Jul 21, 2023
Tokyo's new condo prices surge 60% to a record in first half of year
The average price of a new apartment in central Tokyo jumped 60% to ¥129.6 million ($930,000) in the January to June period.
Japan's consumer prices rose 3.3% year-on-year in June, with the pace of inflation accelerating from the 3.2% recorded in May.
BUSINESS
Jul 21, 2023
Japan's price growth accelerates ahead of BOJ inflation update
Prices excluding those for fresh food gained 3.3% from a year ago, accelerating a little from the rise in May as energy prices were less of a drag on inflation.
Prime Minister Fumio Kishida speaks at a meeting of the government's top economic council on Thursday.
BUSINESS / Economy
Jul 20, 2023
Japan cuts growth forecast and projects inflation over 2% BOJ target
The estimates come ahead of a Bank of Japan policy meeting next week, set to be closely watched amid market expectations the bank will soon phase out its massive stimulus program.
Japan Times
COMMENTARY / Japan
Jul 23, 2023
BOJ faces monetary policy challenges amid an inflationary environment
The BOJ with its monetary policies must navigate various structural issues, including population decline, aging and geopolitical tensions to achieve its desired price stability.

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