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Japan's core inflation cools in June as expected, coming down from 29-month high as rice prices ease
Japan's core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh food — was in line with ...
It has stayed put despite headline and core inflation running above its target of 2% since April 2022, and despite headline inflation's two-year high of 4% in January. So-called "core-core ...
The central bank held its overnight call rate target steady at 0.5%, where it has remained since its last hike in January.
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Japan's core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh food — was in ...
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Marcella Chow, global market strategist at JP Morgan Asset Management, noted that rice accounts for approximately half of Japan's core inflation, and future inflation trends are heavily reliant on ...
Japan's core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh food — was in ...
Major central banks have hiked their policy rates in the face of surging inflation since the Covid-19 pandemic — but the Bank of Japan has been an outlier. Stream NBC 5 for free, 24/7, wherever ...
The headline inflation rate in the country dropped to 3.3%, coming down from 3.5% in May, but marking the 39th straight month that inflation has run above the Bank of Japan's 2% target.
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