Japan March Producer Inflation Picks Up Slightly to 0.8% from January’s 0.7% as Base Effect of Utility Subsides Has Waned, Import Costs Up on Weak Yen
—Producer Inflation Has Slowed from Recent Peak of 10.6% in December 2022 Amid Relatively Tame Commodities Markets–Producer Prices Up 0.2% M/M on Non-Ferrous Metals, Farm Produce, Utilities By Max Sato (MaceNews) – Producer prices in Japan rose 0.8% on the year in March, as expected, accelerating slightly from an upwardly revised 0.7% rise in February […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5%, Facing Tough Decision Ahead as Jobless Rate Rises but Wage Pressures Remain
–Governing Council Monitoring Inflation Expectations, Wage Growth, Corporate Pricing–Governor Macklem Wants to See Clear Downward Momentum in Underlying Inflation By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate – the target for overnight lending rates – at 5.0% on Wednesday for the sixth straight meeting as […]