Japan's core inflation hit 1.6% in June, driven by higher oil prices and a weak yen, marking the first rise since March. While government subsidies cushioned energy costs for consumers, businesses face surging expenses. The Bank of Japan is reportedly on alert for faster rate hikes amid persistent inflationary pressures.
Singapore's inflation remained at 1.8% in May, below economists' forecasts and unchanged from April. Core inflation also fell short at 1.4%. This comes after the Monetary Authority of Singapore tightened monetary policy in April due to inflation risks.
Japan's core inflation rate remained at 1.4% in May, matching economists' expectations. Headline inflation rose slightly to 1.5%, while core-core inflation eased. This comes as the Bank of Japan raised interest rates and warned of potential overshooting of its 2% target due to energy prices.
Singapore's inflation rate fell to 1.8% in April, lower than the 2% expected by economists, with core inflation at 1.4%. This comes as Q1 GDP growth was revised up to 6%.
Japan's core inflation fell to 1.4% in April, the lowest since March 2022, below economists' expectations. Headline inflation also declined, further below the BOJ's target, potentially delaying a rate hike despite economic growth.
Japan's core inflation fell to 1.4% in April, below economists' 1.7% forecast and the BoJ's 2% target. This easing may delay a rate hike, despite a strong Q1 economic expansion.
Japan's core inflation accelerated to 1.8% in March, the first rise in five months, driven by Iran war-fueled higher energy prices. Headline inflation remained below the Bank of Japan's 2% target at 1.5%. Prime Minister Sanae Takaichi is considering capping gasoline prices at 170 yen per liter. The BOJ is expected to hold rates at 0.75% at its April 27-28 meeting, with Citi noting the hold will likely be hawkish.
Japan's core inflation accelerated to 1.8% in March, the first rise in five months, driven by Iran war-fueled higher energy prices. The figure matched economist expectations and exceeded February's 1.6%. Headline inflation remained below the Bank of Japan's 2% target at 1.5%. The BOJ is expected to hold rates at 0.75% at its April 27-28 meeting, with Citi describing the hold as likely "hawkish" due to yen depreciation concerns and inflation risks. The central bank will cut its FY2026 growth forecast while revising up inflation projections.
