View full page at forexfactory.com

 

Tokyo CPI Growth Tops Consensus, Focusing Attention on BOJ

From bnnbloomberg.ca

Inflation in Tokyo ran slightly hotter than economists were expecting in July, an outcome that casts some doubt on the Bank of Japan’s view that price growth will slow below its target in the coming months just as Governor Kazuo Ueda and his board meets to decide on policy. Consumer prices excluding fresh food rose 3% in the capital, decelerating from last month’s 3.2% on the back of lower energy prices, the ministry of internal affairs said Friday. The advance beat analysts’ forecast of a 2.9% increase, underscoring the stickiness of underlying inflation. The BOJ’s board will discuss whether to tweak yield curve ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis