๐ Japan's Inflation Hits 40-Year High as Weak Yen Fans Import Costs
๐ก Newskategorie: IT Security Nachrichten
๐ Quelle: slashdot.org
Japan's core consumer inflation accelerated to a 40-year high in October as a weak yen pushed up the cost of imported commodities, which were already surging due to global supply constraints. From a report: The data suggests Japanese companies may be shaking off their deflationary mindset as they gradually raise prices of everything from fuel to food while coming under pressure from cost-push inflation. The nationwide core consumer price index (CPI), which excludes volatile fresh food prices but includes energy, rose 3.6% year on year in October, versus a 3.5% rise expected by economists, and accelerating from the prior month's 3.0% gain. The jump marked the fastest gain since February 1982. It also confirmed CPI growth remained above the Bank of Japan's (BOJ) 2% inflation goal for a seventh straight month. Despite broadening price pressures, which are a growing concern for households, however, the BOJ would not join a global trend of tightening monetary policy through rate hikes. BOJ Gov. Haruhiko Kuroda reiterated on Thursday a pledge to maintain monetary stimulus to support a fragile economy facing still weak inflation and reeling from the COVID downturn.
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