Japan's inflation may have peaked, no imminent change seen to BOJ policy
newscatcher
2023-07-21 04:31
Japan's inflation may have peaked, no imminent change seen to BOJ policy
A man buys fish at a market in Tokyo, Japan March 3, 2023. REUTERS/Androniki Christodoulou/File Photo TOKYO  -Japan's core inflation stayed above the central bank's 2-percent target in June for the 15th straight month but an index stripping away the effect of energy costs slowed, data showed, suggesting the prolonged commodity-driven price pressures may have peaked. Yet, with services price growth also slowing last month, policymakers will feel that wage pressures have yet to build up enough to warrant an imminent tweak to the ultra-loose monetary stance.

https://business.inquirer.net/411430/japans-inflation-may-have-peaked-no-imminent-change-seen-to-boj-policy

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