Pantheon Macroeconomics

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23rd May 2022 00:10China+, Daily Monitor, Weekly Monitor

Japan’s CPI inflation is finally back above its 2% target, but this won’t prompt a change from the BoJ.

The surge has been driven almost entirely by base effects, rather than any pick-up in demand.

Falling rates in China, aimed at propping up the property sector, will have little effect.

boj cpi cpi inflation durable goods fed food inflation goods inflation interest rate japan labour labour market loan prime rate lpr May mortgage mortgages pboc policy ppi PPI inflation rate cuts September u.s. yen

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Keywords for: Back Above Target At Last, but the BoJ Won't Change Tack

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