Japan inflation probably accelerated in March on rice price rise: Reuters poll
Japan’s core inflation probably accelerated in March from the previous month as rice prices rose, a Reuters poll showed, a sign of persistent cost pressure that is likely to encourage the central bank to proceed with monetary policy normalisation.
TOKYO, April 11 (Reuters) – Japan’s core inflation probably accelerated in March from the previous month as rice prices rose, a Reuters poll showed, a sign of persistent cost pressure that is likely to encourage the central bank to proceed with monetary policy normalisation.
Still, the Bank of Japan is facing the difficult task of timing its next interest rate hike as U.S. President Donald Trump’s tariffs and a trade war with China raise fears of a global recession.
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Source : Reuters
