Reported 1 day ago
Japan's inflation rate rose to 2.7% in November, driven by increased energy costs and the tapering of government energy subsidies. The Bank of Japan is assessing economic data before deciding on future interest rate increases. While a potential hike could occur as soon as January, Governor Kazuo Ueda has maintained a cautious stance, reflecting ongoing economic uncertainties. Prices for electricity and gas have notably surged, indicating that inflation is permeating the broader economy despite efforts to ease the financial burden on households.
Source: YAHOO