JGB Futures Consolidate Ahead of Holiday, BOJ Meeting -- Market Talk
Japan March Services Producer Prices Up 3.1% on Year
Tokyo Inflation Hits Two-Year High As BOJ Weighs Tariff Risks And Price Pressures
Is the Bank of Japan still holding on to its commitment to raise interest rates? Ueda Kazuo: It also depends on the impact of 'Trump tariffs'!
① The Governor of the Bank of Japan, Kazuo Ueda, stated that if the core inflation rate approaches the 2% target, the central bank will continue to raise interest rates. However, the USA's tariff policy affects the economy, requiring careful examination of its potential impacts on the economy; ② Kazuo Ueda also mentioned that tariffs are affecting the economy through various channels, including suppressing trade activity, cooling corporate confidence, and exacerbating market volatility.
Japan Services Producer Prices Rise 3.1% in March
Tokyo's inflation is skyrocketing! The Bank of Japan is deep in the quagmire of interest rate hikes, and the Global market is holding its breath for changes.
In April, the core inflation rate in the Tokyo area of Japan surged to a two-year high, with the dual pressures of rising food prices and the withdrawal of policy subsidies adding uncertainty to the path for the Bank of Japan to exit its ultra-loose MMF policy. Amid the impact of increased tariffs in the USA affecting Global demand and domestic inflation proving stickier than expected, the Bank of Japan is facing a difficult balance between "maintaining growth" and "fighting inflation." As the policy meeting on April 30 approaches, the market holds its breath, paying close attention to the final direction of this "tightrope" decision. 1. Surging inflation data and structural pressures. Latest data shows that in April, the core CPI in the Tokyo area (excluding fresh food) rose 3.4% year-on-year, far exceeding market expectations.
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