Inflation in Japan rose to an eight-month high at an unprecedented pace in two years. This is a significant advance for the Bank of Japan and the Japanese economy as a whole, yet inflation remains at too low levels - more than twice as low as the desired 2%.
Given the Japanese elections next month, that's what Japan has achieved over the last five years. The number of workers is rising and the economy's growth has increased by more than 10% and is on the rise for the seventh consecutive quarter. This good news, however, is partly the result of the enormous fiscal and monetary stimuli that led to an increase in the debt and increased the balance of the central bank. As in many other countries, inflation is weak and wages are not in line with rising gross domestic product.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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