Japan's core inflation accelerated in February but an index gauging the broader price trend slowed sharply, data showed, highlighting uncertainty on how soon...
TOKYO - Japan's core inflation accelerated in February but an index gauging the broader price trend slowed sharply, data showed, highlighting uncertainty on how soon the central bank will hike interest rates again.
It accelerated from a 2.0% gain in January due largely to the base effect from the launch of energy subsidies last year. The central bank has described its decision to end negative rates on Tuesday as driven by signs that robust demand and prospects of higher wages were prodding firms to keep hiking prices not just for goods but services.BOJ Governor Ueda said on Tuesday the central bank could hike rates again if inflation overshoots expectations or upside risks to the price outlook heighten significantly.
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Japan Airlines announced plans to order more Boeing planes Thursday but it’s not the show of confidence investors might initially expect. -- The company planning to take Trump Media & Technology Group public sued to force its biggest investor, ARC Global Investments II, to vote in favor of the deal before a critical deadline this week.
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