Japan's December Inflation Drops to 2.1%, Rice Prices Surge 34.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: CNBC
- Inflation Data Decline: Japan's headline inflation rate fell to 2.1% in December, the lowest since March 2022, down from 2.9% in November, indicating signs of economic slowdown that could impact the upcoming elections.
- Rice Price Surge: Despite the overall inflation drop, rice prices soared by 34.4%, which may become a critical issue in the February 8 elections, influencing voter consumption decisions.
- U.S. Inflation Remains Elevated: The personal consumption expenditures price index indicated that U.S. inflation held steady at 2.8% in November, aligning with Dow Jones expectations, suggesting ongoing inflationary pressures that could affect future monetary policy.
- Positive Market Reaction: Following Trump's withdrawal of tariff threats against Europe, U.S. stocks extended gains for the second consecutive day, with the pan-European Stoxx 600 rising by 1.03%, reflecting market optimism regarding policy changes.
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About GTEC
Greenland Technologies Holding Corporation designs, develops, manufactures and sells components and products for the global material handling industries. Through its subsidiaries, the Company offers transmission products, which are key components for forklift trucks used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. It provides transmission systems and integrated powertrains for material handling machineries, particularly for electric forklift trucks. The range of the transmission systems covers machineries from over 1 to 15 tons. It designs and develops powertrains, which integrates electric motor, speed reduction gearbox, and driving axles into a combined integral module. Through its subsidiary, HEVI Corp., the Company offers all-electric clean and sustainable alternatives to heavy-emission systems in the industrial heavy equipment industry.
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.
