- Japan’s government sees inflation staying around 0.7% in the longer term
Market news
25 July 2023
Japan’s government sees inflation staying around 0.7% in the longer term
The Japanese government is out with its outlook on the country’s inflation, noting that inflation is seen staying around 0.7% in the longer term.
“Wages are projected to increase by 2.5% in FY24, following a 2.6% jump in FY23,” the government said.
Market reaction
The above projections fail to move the needle around the USD/JPY pair, which was last seen trading at 141.40, almost unchanged on the day.
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