2024-12-20 10:27
IndustryJP's Inflation Strengthens, BOJ Rate Hike in Focus
Japan's core CPI (ex-fresh food) rose 2.7% YoY in November, exceeding forecasts and accelerating from October's 2.3%. Rising energy costs, driven by waning utility subsidies, fueled the increase. While BOJ held rates steady, stronger inflation & a weak Yen raise expectations for a potential January hike, though March remains a possibility. Focus remains on real wage growth and consumer spending.
#Japan #Inflation #CPI #BOJ #MonetaryPolicy #InterestRates #JPY
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JP's Inflation Strengthens, BOJ Rate Hike in Focus
| 2024-12-20 10:27Japan's core CPI (ex-fresh food) rose 2.7% YoY in November, exceeding forecasts and accelerating from October's 2.3%. Rising energy costs, driven by waning utility subsidies, fueled the increase. While BOJ held rates steady, stronger inflation & a weak Yen raise expectations for a potential January hike, though March remains a possibility. Focus remains on real wage growth and consumer spending.
#Japan #Inflation #CPI #BOJ #MonetaryPolicy #InterestRates #JPY
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