Reported 5 months ago
The article discusses how steadily rising service prices in Japan, indicated by sectors such as haircuts and dry cleaning, are contributing to the case for the Bank of Japan (BOJ) to consider another policy normalization step. Around 60% of major service providers surveyed in March indicated price increases or considerations for April. This trend in service inflation is seen as a significant factor influencing potential policy changes by the BOJ, potentially resulting in small rate hikes as early as July or thereafter. The upcoming release of April data is awaited to provide further insights, especially regarding consumer prices excluding fresh food.
Source: YAHOO