FILE PHOTO: A man walks past the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO : The Bank of Japan's key measurements of underlying inflation in April all fell below its 2 per cent target for the first time since August 2022, data showed on Tuesday, heightening uncertainty on the timing of its next interest rate hike.
The trimmed mean index, which excludes the upper and lower tails of the price change distribution, rose 1.8 per cent in April from a year earlier, slowing from the previous month's 2.2 per cent, the data showed. The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March on the view that sustained achievement of its 2 per cent inflation target has come into sight.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOJ to decide bond-purchase reduction by end-July, say economistsTOKYO : The Bank of Japan will decide to start tapering the size of its bond-buying by end-July, according to nearly two-thirds of economists polled by Reuters, while close to 90 per cent forecast an interest rate hike to at least 0.20 per cent by the end of the year.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOJ's Ueda sticks to economic recovery view, keeps alive rate hike chanceSTRESA, Italy : Bank of Japan Governor Kazuo Ueda said on Thursday the economy was on track for a moderate recovery, suggesting a slump in first-quarter gross domestic product (GDP) alone would not keep the central bank from raising interest rates in coming months.But Ueda said the outlook for the U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Analysis:BOJ may face more pressure to hike rates as weak yen hits consumer spendingTOKYO : Japan's weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen's declines blamed for hurting households via higher import costs.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »