TOKYO — A leading indicator of Japan's service-sector inflation held near 3 percent in October, data showed on Tuesday, offering further evidence that conditions for another near-term interest rate hike by the Bank of Japan (BOJ) were falling into place.
TOKYO — A leading indicator of Japan's service-sector inflation held near 3 percent in October, data showed on Tuesday, offering further evidence that conditions for another near-term interest rate hike by the Bank of Japan were falling into place.While uncertainty over US President-elect Donald Trump's policies clouds the outlook, many analysts expect Japan's economy to sustain a moderate recovery and help keep inflation around the central bank's 2-percent target.
'Having said that, the BOJ must be satisfied with the way wages and services inflation are rising,' he said, projecting the BOJ will likely hike rates in December.Service-sector inflation is being closely watched by the BOJ for clues on whether demand-driven price gains are broadening enough to justify raising interest rates further.
Service Sector Inflation Steady Near 3%
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New record: Japan welcomes 3.31 million visitors in OctoberThe weak yen is propelling a tourism boom in Japan, with the number of foreign visitors for business and leisure rising from 2.87 million in September
Read more »
Japan’s exports beat expectations in October amidst rising uncertainties in global markets | Erica YokoyamaJapan’s exports picked up more than expected in October as demand from China and the rest of Asia held firm even in the face of mounting uncertainties in overseas markets. Exports rose 3.
Read more »
No snow on Japan’s Mount Fuji in October breaks recordJapan's weather agency has consistently seen snowfall on the mountain in October since record-keeping began 130 years ago, but right now it has yet to see “any measurable snow,” the Japan Meteorological Agency said.
Read more »
Japan’s latest tourism headache: American arrested for damaging Tokyo shrinePolice arrest the 65-year-old American man for defacing the sacred Meiji Jingu Shrine
Read more »
Japan’s latest tourism headache is American arrested for damaging Tokyo shrineAmerican tourist arrested for vandalizing Tokyo shrine highlights growing concerns over misbehavior among visitors as Japan grapples with record tourism numbers
Read more »
FACT CHECK: Video shows US-Japan joint exercise, not Japan equipment donation to PHThe misleading YouTube video falsely claims to show Japanese and Filipino troops unloading combat equipment in the Philippines
Read more »