21 August 2023 China+ Monitor BoJ Likely to Look Through Recent Episodes of Sticky Inflation
17th Aug 2023 19:18China+, Weekly Monitor
- Japan’s national CPI remained stubbornly elevated in July, driven by sticky food and core prices.
- That said, food and core inflation are likely to ease, as the carryover effect from a weaker yen fades.
- Given the lackluster economic backdrop, the BoJ is unlikely to raise rates to combat elevated inflation.
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