Goldman Sachs Raises Japan Inflation Bets on Yen, Food Prices
- Average core inflation now seen at 1.6% in 2022, 1.9% in 2023
- Rare hike for public transportation to support inflation
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Goldman Sachs Group Inc. raised its inflation forecasts for Japan as the yen’s slump and faster-than-expected food price hikes add to upward pressure.
Core inflation excluding fresh food will increase 1.6% this year this year and 1.9% next year, analyst Tomohiro Ota wrote in a note Tuesday. Both forecasts are 0.2 percentage point higher than the brokerage’s previous projections.