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Chart of the day: No fear of Japanese inflation

This is the chart of the day in global macro:Core Japanese CPI rose to 4.2% y/y in today's report, which is the highest since 1981.Normally, you would think that means the Bank of Japan should be tip-toeing out of ultra-easy monetary policy but they're so committed to fighting inflation and have gone so far down the QE pipeline that there's no way out. BOJ Governor Ueda highlights that prices should be falling so and that they're committed to breaking the disinflationary mindset.They should be c... Read More

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Inflation

Forex

Posted: Jun 23 2023, 14:35

Author Name: forexlive

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