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Japanese yen drifting, CPI next
Japanese inflation has been edging higher, which is not an event we are used to reporting on these pages. Inflation is certainly much more subdued than what we’re seeing in the US and the UK, where inflation has become a hot issue and is affecting monetary policy. Still, rising fuel prices have become a major concern for consumers and businesses, and the government’s new economic package is expected to provide some relief. Many businesses have been hit hard by cost pressures, due to the weak yen, supply chain disruptions and high commodity prices. Consumer inflation would be even higher than it is, if not for the ... (full story)