Reported 1 day ago
Food inflation in Japan, particularly for staples like cabbage and rice, is increasingly alarming for both households and the Bank of Japan (BOJ) amid predictions of rising overall prices. With forecasts indicating a potential increase to 4% inflation, the BOJ faces heightened pressure to adjust its monetary policy. The sharp price hikes, reflective of a broader inflationary trend, underscore the necessity for the BOJ to pay closer attention to food costs, which may significantly affect consumer expectations and economic stability.
Source: YAHOO