- BoJ report: Japan's core consumer inflation likely to gradually slow toward year-end
Market news
31 July 2023
BoJ report: Japan's core consumer inflation likely to gradually slow toward year-end
In a full version of its quarterly outlook report, the Bank of Japan (BoJ) said that “Japan's core consumer inflation is likely to gradually slow toward year-end.”
Additional takeaways
Inflation likely to accelerate thereafter, though uncertainty on outlook.
Uncertainty on overseas economic outlook very high with risks skewed to downside.
Must be vigilant to fact price hikes have spread rapidly among firms, sectors that had been cautious of raising prices in the past.
Must keep eye out on whether price hikes to pass on costs persist, broaden further.
More firms becoming open to raising wages, must scrutinise whether and how this will affect price developments.
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