Preview: Bank of Japan Unlikely to Begin Unwinding Large-Scale Easing Until It Can Clearly Foresee Sustained Growth in Wages, Service Prices in Fiscal 2024
By Max Sato (MaceNews) – The Bank of Japan board is widely expected to retain its guidance in a unanimous vote at its Jan. 22-23 meeting that the bank will “patiently continue with monetary easing” in order to “achieve the price stability target of 2% in a sustainable and stable manner, accompanied by wage increases.” […]
White House and Other Schedules for Friday, Jan 19
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, JANUARY 19, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Japan December Core CPI Annual Rate Decelerates to 18-Month Low of 2.3% from November’s 2.5% on Utility Subsidies, Slower Processed Food Markups
–Total CPI Y/Y Rise Slows to 17-Month Low of 2.6% from 2.8% –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases Further to 10-Month Low of 3.7% from 3.8% –Services Costs Up 3.3% Y/Y Due to Wage Hikes Vs. Goods Prices Up 2.3% By Max Sato (MaceNews) – Consumer inflation in Japan continued easing in December […]