Japan's factory production is expected to increase, but rising inflation makes the Bank of Japan's exit strategy more challenging, according to a Reuters survey.

Reported 6 months ago

A Reuters poll suggests that Japanese factory output is expected to increase for a second consecutive month in April, with retail sales also showing improvement, indicating signs of economic recovery. Furthermore, there is an anticipation of a rise in core consumer prices in Tokyo areas in May. Analysts predict that the economy will bounce back this quarter after a 2% contraction in the first quarter due to rising inflation impacting consumer spending. Additionally, the Bank of Japan's efforts to raise rates further are complicated by the steady inflation rate remaining at or above the central bank's 2% target for over two years. Data on jobless rates, retail sales growth, and housing starts is expected to be released on May 31.

Japan's factory production is expected to increase, but rising inflation makes the Bank of Japan's exit strategy more challenging, according to a Reuters survey.

You may also interested in these wikis