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Core inflation in Japan's capital rises 2.2% yr/yr in July
-Core consumer prices in Japan's capital rose 2.2% in July from a year earlier, data showed on Friday, accelerating for the third straight month and keeping alive market expectations of a near- term interest rate hike. The data comes ahead of the Bank of Japan's two-day policy meeting that ends on Wednesday, when its board will debate whether to raise interest rates and lay out details on how it plans to taper its huge bond purchases. The increase in the core consumer price index (CPI), which excludes volatile fresh food costs, matched a median market forecast and followed a 2.1% gain in June. A separate index that ... (full story)
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From @PiQSuite|Jul 25, 2024|4 commentspost:
JAPAN TOP CURRENCY DIPLOMAT KANDA: TOLD G20 MUST BE INCREASINGLY VIGILANT TO EXCESSIVE, SPECULATIVE FX FLUCTUATION post: JAPAN TOP CURRENCY DIPLOMAT KANDA: TOLD G20 NEED TO RESPOND APPROPRIATELY IN MARKETS BASED ON GROUP'S FX AGREEMENT
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- Posted: Jul 25, 2024 8:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,687
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