Japan nationwide inflation climbs 3.6% on year
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Japan's inflation will remain in focus this week, with BoJ Core CPI and Services Producer Price Index on Tuesday and Tokyo Core CPI on Friday. Click to read.
TOKYO] The Bank of Japan must be vigilant to the risk rising food prices could push up underlying inflation that is already near its 2 per cent target, Governor Kazuo Ueda said, signalling the central bank’s readiness to continue its rate hikes.
The private sector has joined the government in pushing for 1% real wage growth annually over the next five years, as wages in Japan continue to fall on an inflation-adjusted basis.
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Al Jazeera on MSNJapan faces a ‘rice crisis’ as price nearly doubles for food stapleThe price of Japanese-grown rice is soaring due to high inflation, low farm yields and a growing tourism sector.
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"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.
Bank of Japan Governor Kazuo Ueda said on Tuesday that while the Japanese central bank are now closer to the inflation target than any time during the last few decades, the BoJ is not quite there.
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Kyodo News on MSNJapan OKs reserve fund use to curb energy bills amid inflationThe Japanese government decided Tuesday to allocate 388.1 billion yen ($2.7 billion) from reserve funds for the current fiscal year t
Japanese government bonds remained stable on Friday, after a volatile week in which super-long yields hit record highs as inflation and fiscal concerns sapped demand for debt.Yields on 20-, 30-, and 40-year Japanese government bonds have been climbing,