Japan Core Inflation Edges Up In July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
0mins
Source: Business Insider
Core Inflation Trends: Japan's core inflation rose to 2.7% in July, driven by a significant increase in energy prices, while underlying inflation fell below the 2% target for the first time since 2022, indicating potential challenges for future interest rate hikes by the Bank of Japan.
Bank of Japan's Response: Following an unexpected rate hike in July, BoJ Governor Kazuo Ueda indicated that further increases may occur if economic conditions align with projections, although recent inflation data suggests less urgency for tightening monetary policy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
