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.
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.
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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Japan 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.
The markets will be closely watching an auction of Japan's longest tenor bonds on Wednesday to see if debt investors will continue to put up with the worsening finances of major government issuers.
TOKYO (Kyodo) -- Japan began sales of government rice stockpiles via direct contracts Monday, aiming to slash soaring prices after the newly appointed farm minister pledged to bring them down to about 2,000 yen ($14) per 5 kilograms by early June.
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