Japan's inflation slows to 29-month low in September on falling oil prices
Japan's core consumer prices rose 0.3 percent in September from a year earlier, with the pace of growth slowing to a 29-month low due to lower crude oil prices, government data showed Friday. The nationwide core consumer price index, which excludes volatile fresh food prices, ...
Maduro hikes Venezuela's minimum wage again, this time by 275% in face of 50,100% inflation
Venezuelan President Nicolas Maduro ordered a 275 percent increase in the monthly minimum wage on Monday, the third hike this year, as hyperinflation drains the value of workers' salaries. The minimum wage rose to 150,000 bolivars ($8) from 40,000, lawmaker Francisco Torrealba, a former labor ...
Bank of Japan's Yukitoshi Funo warns of growing global risks but says BOJ ready to respond
Bank of Japan board member Yukitoshi Funo on Thursday warned against intensifying economic pressure from slowing global growth and reiterated the central bank's readiness to respond to the broadening hazards. Funo — who has consistently voted with the majority of the nine-member board — repeated ...
Companies on average expect domestic consumer prices to rise 0.9 percent in a year's time, a quarterly Bank of Japan survey for September showed Wednesday. The expected rate was unchanged from the previous poll in June, the BOJ said. The average projected inflation rate was 1.0 ...
Consumer inflation cools in August to two year low in blow to BOJ
Japan's core consumer inflation slowed to a new two-year low in August due to lower oil costs and feeble economic growth, data showed on Friday, adding to the Bank of Japan's growing challenges in achieving its elusive 2 percent price target. The data will keep ...
The mystery of low inflation despite huge debt
What is the condition that makes it possible for Japan to sustain budget deficits over a long period of time?
July core inflation hovers at two-year low, piling pressure on Bank of Japan
Core consumer inflation wallowed at a two-year low in July, government data showed Friday, increasing pressure for the central bank to acknowledge price momentum has been slowing and expand its radical stimulus program. Japan's underlying inflation rate was unchanged for the month, at 0.6 percent, ...
In deflation-plagued Japan, the minivehicle market has seen a surge in prices over the past decade. The average price of minivehicles with an engine displacement of 660 cc or less stood at ¥1.42 million ($13,400) as of July, up 36 percent from ¥1.04 million in ...
Fed remains a target as economy falls short of Trump's ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data show an economy in "reasonably good" shape, as the head of the central bank recently said. But behind that confusing dance ...
BOJ stands pat and trims inflation outlook ahead of expected Fed rate cut
The Bank of Japan maintained its ultraeasy monetary policy Tuesday and said it would "not hesitate" to take further measures if needed as lingering economic uncertainties cloud the global outlook. The move comes with central banks around the world expected to return to rate cuts ...
Core inflation hits two-year low in Japan, fueling stimulus calls
Falling energy prices and the bruising U.S.-China trade war are putting pressure on the BOJ — and the Fed — to act.
Core consumer prices rose 0.8 percent in May, due to higher energy costs, but the year-on-year gain slowed from the previous month despite the Bank of Japan's 2 percent inflation target, government data shows. The nationwide core consumer price index, which excludes volatile fresh food ...
