Monday, March 20, 2023

Japan’s inflation rate at 40-year high

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Strongest increase since 1981

Japan’s inflation rate at 40-year high

In Japan, consumer prices have risen at the highest rate in more than 40 years. The inflation rate for consumer goods excluding fresh food rose by 3.7 percent in November compared to the previous year, the government said in Tokyo on Friday.

In Japan, inflation has so far remained at a comparatively low level. But now she is attracted. (icon picture)

This is the strongest increase since 1981. Including the price of fresh food, the inflation rate was 3.8 percent. Both values ​​were thus slightly above the increase in October. The latest data are fueling speculation that the Bank of Japan (BoJ) could soon resort to further measures after this week’s surprising change of strategy.

The Bank of Japan surprised financial markets on Tuesday by announcing an easing of the long-term bond yield range. This was seen as the first step towards tightening monetary policy.

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