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Japan’s inflation in January climbed 4% year-on-year, hitting its highest level since January 2023, further strengthening the case for rate hikes by the central bank.
The core inflation rate — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists’ expectations of 3.1%, according to a Reuters poll. This figure was the highest since June 2023.
They never used to have inflation problems, before!! What’s happening, is the BOJ going print crazy? I know that they are not going to raise the interest rates very high, if they raise the rates high enough, that would kill off a bunch of zombie companies that they have been protecting since the early ‘90s.
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