Bank of Japan
Worried that sharp rises in rice prices, coupled with inflation exceeding 2% lasting for nearly three years, could hurt consumption.Output gap may already effectively be in positive territory as supply constraints put upward pressure on prices.Corporate and household inflation expectations are heightening, having roughly reached levels around 2%.Upward price risks are building up.The BOJ must raise rates to levels deemed neutral on a nominal basis, which is at least around 1%.The BOJ must raise rates at least to around 1% in the latter half of fiscal 2025.The BOJ must raise rates in several stages in a timely fashion while scrutinising what the appropriate short-term rate level could be for the economy.Even if BOJ hikes rates to 0.75%, real interest rates will remain deeply negative.more to come
Read More Details
Finally We wish PressBee provided you with enough information of ( BOJ's Tamura makes his case again for faster interest rate hikes )
Also on site :
- Little Debbie's Surprising New Treat Leaks and Fans Want '15 of Them'
- Evacuations underway in Leander after home explosion
- 6 months of LA-area wildfire recovery through the eyes of the Army Corps colonel on the frontlines