Japan Inflation Rises Above BOJ Target Level, Backing Rate Hikes
Japanโs key price gauge rose above the Bank of Japanโs target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December.
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Japanโs key price gauge rose above the Bank of Japanโs target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December.
Tokyo, Oct. 21 (Jiji Press)--Japanese Prime Minister Sanae Takaichi, marking her first year in office Wednesday, emphasized that "challenges of the Takaichi cabinet's second year begin today." Speaking to reporters at the prime minister's office the same day, she highlighted the need to "further strengthen measures to tackle global inflation" as an immediate challenge, citing the significan...
Bangkok, Oct. 16 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Friday that he cannot tolerate underlying inflation rising further above 2 pct. Excluding temporary factors, the underlying inflation rate is quite close to the BOJ's 2 pct target, Ueda reiterated after a series of meetings, including a gathering of finance ministers and central bank chiefs from the Group of 20 major econ...
Kumamoto, Oct. 15 (Jiji Press)--Japan's underlying inflation is gradually stabilizing at around the Bank of Japan's 2 pct target, Junko Koeda, a member of the central bank's Policy Board, said on Thursday. The BOJ will adjust interest rates "in a timely and appropriate manner" to prevent inflation from rising above 2 pct, Koeda said at a press conference in Kumamoto, a city in southwestern ...
Japanese Finance Minister Satsuki Katayama warned speculators that she was prepared to take action in the currency market again if needed, after the yen touched its weakest level against the dollar this month following a heating up of US inflation figures.
Japanโs household spending fell for a ninth month even as wages continued to climb, showing consumers remain cautious as persistent inflation squeezes purchasing power.
Japanese stocks fell for a second day, tracking a Wall Street selloff as persistently high oil prices revived inflation concerns and weighed on equities near record highs.