Investment

Japan unlikely to fall back to zero inflation, BOJ governor says

1 Mins read

NAGOYA, Japan — Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases.

“The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle between wages and prices is expected to strengthen, Ueda said in a speech to business leaders in the central Japan city of Nagoya, near Toyota Motor’s home.

In its quarterly outlook report released last week, the bank’s board said it projected consumer prices excluding fresh food to rise 2.8% in the year ending March 2025 and rise 1.7% in the following year.

Ueda added, however, that it was still not clear whether smaller firms would be able to raise wages again next year because some of those companies provided raises this year despite low profitability.

Read the full article here

Related posts
Investment

Index Fund Vs. Mutual Funds: Understanding The Key Differences

6 Mins read
Understanding the differences between mutual funds and index funds is fundamental for any investor navigating the diverse landscape of investment options. While…
Investment

Home Depot Earnings Beat Expectations but Sales Fell. Why the Stock Is Rising.

2 Mins read
Home Depot beat earnings expectations in the third quarter but flagged continued pressure on big-ticket items as sales fell 3%. The home-improvement…
Investment

How The Top Financial Accounts On X Turn Posts Into Dollars

8 Mins read
Every single tweet costs nothing and has the potential to reach the entire world. It’s the best lottery ever made. — Naval…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *