Japan's Inflation Eases Amidst Stable Yen and BoJ's Steady Rates
TL;DR Summary
The Bank of Japan kept its interest rate steady at 0.5% amid Japan's core inflation dropping to its lowest since November 2024 at 2.7%, with inflation expectations rising moderately. Despite signs of economic resilience, including above-expected GDP growth and a U.S.-Japan trade deal, inflation driven by high rice prices and global trade concerns are fueling calls for potential rate hikes, with some analysts predicting a possible increase in October.
- Japan core inflation dips to lowest since November 2024 as rice price surge eases CNBC
- Japan’s Inflation Slows Abruptly on Subsidies Before BOJ Meeting Bloomberg.com
- Japanese Yen strengthens as BoJ keeps rates unchanged with a hawkish dissent FXStreet
- BOJ faces sticky inflation as wholesale index rises 2.7% in August investingLive
- Japan inflation slows in August, rice price surges ease Barron News-Shield
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