Japan's Inflation Remains Elevated Despite Easing Rice Prices
TL;DR Summary
Japan's core inflation rate slightly cooled to 3.1% in July but remained above the BOJ's 2% target, with rice prices easing after a surge earlier in the year. Despite economic growth of 0.3% in Q2, trade sluggishness and declining exports highlight ongoing economic challenges. Experts suggest the BOJ is behind the curve in raising interest rates to combat inflation.
- Japan reports hotter-than-expected core inflation for July — but lowest since March as rice prices ease CNBC
- Japan's core inflation slows in July, stays above BOJ target MSN
- Japan’s Inflation Stays Well Above BOJ’s 2% Target The Wall Street Journal
- Japan’s Inflation Hovers Well Above BOJ’s Goal Even as It Slows Bloomberg.com
- Rice prices up 91 pct year-on-year in Japan Yahoo Finance
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