Reported about 15 hours ago
The Bank of Japan (BOJ) is increasingly cautious about further interest rate hikes, relying on obscure measures of underlying inflation that suggest weak consumer demand, despite headline inflation hitting multi-year highs. The BOJ's current measures of underlying inflation remain below its 2% target, complicating its communication and efforts to reset inflation expectations. With concerns about domestic consumption and global economic conditions, the BOJ has paused rate hikes but faces criticism for potential delays in addressing inflation risks.
Source: YAHOO