Economics
Japan’s Inflation Seen Staying Above BOJ Target Through Year-End
- Inflation keeps outpacing forecasts with supply snarls
- China lockdowns, Ukraine war weigh on manufacturing activity
May 19: Mr. Yen Says Currency May Weaken to 150 Level
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Japan’s inflation will stay above the central bank’s 2% target level in the final three quarters of this year, according to surveyed economists who raised their forecasts again.
Consumer prices excluding fresh food will rise 2.1% this quarter and next quarter from a year ago, followed by a 2.2% gain in the final three months of the year, according to a survey of 57 economists by Bloomberg News.