Japan's Inflation Data Sparks BOJ Policy Change Speculation.
TL;DR Summary
Japan's May inflation data shows the core-core rate inflation hit a 42-year high at 4.3%, while the core reading stayed above the Bank of Japan's 2% target for the 14th month in a row. This is likely to reignite speculation of a policy change by the BOJ, despite their insistence that inflation will fall from around September/October. The Bank is expected to revise its inflation forecasts higher at its July meeting.
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- Japan's core consumer inflation stays above BOJ target for 14th straight month Forex Factory
- Asia-Pacific markets lower as traders digest inflation data, hawkish central bank moves Seeking Alpha
- Japan's inflation outpaces forecast amid focus on BOJ price view The Japan Times
- View Full Coverage on Google News
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