Bank of Japan's 3.3% inflation surge has traders split on rate hikes
Key Points
- The Bank of Japan is hesitant to raise rates from 0.5% despi...
The Bank of Japan is experiencing what economists politely call "complicated feelings" about their next move. With service-sector inflation hitting 3.3% in May (down just a smidge from April's 3.4%), you'd think the BOJ would be reaching for the rate hike button faster than a day trader spotting a breakout pattern.
But hold that thought. The central bank finds itself in the awkward position of wanting to celebrate hitting above their 2% inflation target while simultaneously worrying about U.S. tariffs raining on their economic parade.
When 0.5% Feels Like Mount Everest
After spending a ...
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