Japan’s inflation re-accelerated in April after months of cooling, likely reinforcing views that the central bank may have to revise its price outlook, bringing the Bank of Japan a step closer to policy normalization.
(Bloomberg) -- Inflation in Tokyo slowed, supporting the Bank of Japan’s view that prices will likely slow toward the autumn, although the high levels will likely continue to drag on household spending.Consumer prices excluding fresh food climbed 3.2% in the capital in May, slowing from the previous month, according to the ministry of internal affairs Friday. The reading was weaker than economists’ forecast of a 3.4% gain. Still, there were also signs that the deeper inflation trend may be conti
The Bank of Japan will gradually build a case for a major overhaul of its stimulus framework in the second-half of next year, using the results of a review to support its move, according to Bloomberg Economics.
(Bloomberg) -- Japan’s unemployment rate fell for the first time in three months, potentially feeding into higher wages and providing support for the Bank of Japan’s sustainable inflation goal down the line. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBid
(Bloomberg) -- Japan’s factory output unexpectedly declined for the first time in three months in April amid a global slowdown, in a weak start to the country’s second quarter.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatNvidia Touches $1 Trillion Mark After Beating R