BOJ Governor reveals why 2.7% inflation won't trigger rate hikes yet
Key Points
- Japan's inflation has dropped to 2.7%, but it's still above ...
Japan's inflation just pulled off the economic equivalent of a three-month losing streak, dropping from 3.1% in July to 2.7% in August. That's the third consecutive monthly decline and the slowest pace since November 2024. Yet somehow, this "good news" still leaves inflation stubbornly parked above the Bank of Japan's 2% target like a guest who won't take the hint at closing time.
The 0.5% Rate That's Going Nowhere Fast
Bank of Japan Governor Kazuo Ueda is channeling his inner Goldilocks, insisting that current conditions aren't quite "just right" for another rate hike. While two-thirds ...
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