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In March of this year, the index of basic consumer prices in Japan, which does not take into account the prices of fresh food, rose from the same month a year earlier by 0.8%, official data show. Inflation accelerated against the February value of 0.7%, while experts had not expected it to change. At the same time, the basic consumer price index, which does not take into account the prices of food and energy, showed an increase of only 0.4% in March, just like a month earlier. The Bank of Japan is unable to ensure that core inflation approaches its target of 2%. Global demand slowed down over the past 12 months amid the US-China tariff war, which adversely affected Japanese exports. Experts expect that the recent decline in oil prices could lead to a drop in gas and electricity prices, and it will be even harder for the Bank of Japan to generate inflation.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
KYC Policy