Japan's 3.1% inflation rate has traders eyeing 0.75% BOJ hikes - here's why your yen matters
Key Points
- Japan's inflation hit 3.1% in July, falling from 3.3% in Jun...
Japan's inflation just hit 3.1% in July, which is like being slightly less on fire than before but still uncomfortably warm. The Bank of Japan was probably hoping for their 2% target, but got served a 3.1% reality check instead - proving once again that central banks and inflation have about as much chemistry as oil and water.
The July reading dropped from June's 3.3%, which economists are calling "progress" in the same way that getting a B+ instead of an A- is technically improvement. Still, it beat the 3% forecast, because apparently even Japan's inflation has commitment issues.
**When "Co...
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