Japan Core CPI Rises to 1.8% as BOJ Hike Case Builds
Japan's core CPI rose to 1.8% in July from 1.6% in June, even as it stayed below the BOJ's 2% target.
What happened
Japan's core CPI rose to 1.8% in July from 1.6% in June, even as it stayed below the BOJ's 2% target.
Why it matters
The hiking logic comes from core-core inflation at 1.9% and weak-yen import costs passing through to prices.
What to watch
Watch next: the September 17-18 BOJ meeting, when officials are widely expected to raise rates to 1.25%.
Transcript
Japan's core CPI rose to 1.8% in July from 1.6% in June, even as it stayed below the BOJ's 2% target. The hiking logic comes from core-core inflation at 1.9% and weak-yen import costs passing through to prices. Watch next: the September 17-18 BOJ meeting, when officials are widely expected to raise rates to 1.25%. FreshInsight delivers source-grounded finance briefs for market professionals. Source: Reuters Not financial advice. For information and education only.
Primary sources
Reuters
Distribution
YouTube / DK5jZMinw_A
Topics
boj, inflation, yen, bank-of-japan, interest-rates, finance-shorts, finance-news, japan-economy, core-cpi, japan-cpi
Disclaimer
Information and education only. Not financial advice.