Japan's Inflation Hits 19-Month High
Japan's core consumer prices rose 3.2 percent in January, the fastest pace in 19 months, driven by higher rice and energy costs, exceeding market expectations and strengthening the Bank of Japan's resolve to continue raising interest rates.
Japan's Inflation Hits 19-Month High
Japan's core consumer prices rose 3.2 percent in January, the fastest pace in 19 months, driven by higher rice and energy costs, exceeding market expectations and strengthening the Bank of Japan's resolve to continue raising interest rates.
Progress
36% Bias Score
BOJ Raises Rates to 0.5%, Highest Since 2008
The Bank of Japan raised interest rates by 25 basis points to 0.5% on Friday, its highest since 2008, due to sustained inflation and rising wages, resulting in a stronger yen and a slightly higher Nikkei index; the decision was an 8-1 vote.
BOJ Raises Rates to 0.5%, Highest Since 2008
The Bank of Japan raised interest rates by 25 basis points to 0.5% on Friday, its highest since 2008, due to sustained inflation and rising wages, resulting in a stronger yen and a slightly higher Nikkei index; the decision was an 8-1 vote.
Progress
12% Bias Score
BOJ Raises Interest Rate to 0.5%, Citing Inflation and Wage Growth
The Bank of Japan raised its key interest rate to roughly 0.5 percent on Friday, citing inflation near its two percent target and a strengthening wage growth trend; Governor Kazuo Ueda noted ongoing uncertainties but hinted at further increases if economic conditions continue.
BOJ Raises Interest Rate to 0.5%, Citing Inflation and Wage Growth
The Bank of Japan raised its key interest rate to roughly 0.5 percent on Friday, citing inflation near its two percent target and a strengthening wage growth trend; Governor Kazuo Ueda noted ongoing uncertainties but hinted at further increases if economic conditions continue.
Progress
40% Bias Score
Dollar Gains on Higher Yields and Averted Shutdown
The US dollar index (DXY00) rose 0.20% on Tuesday, supported by higher US interest rates and the averted US government shutdown, while EUR/USD fell 0.14%, and USD/JPY rose 0.09%; gold and silver prices also increased amid geopolitical risks.
Dollar Gains on Higher Yields and Averted Shutdown
The US dollar index (DXY00) rose 0.20% on Tuesday, supported by higher US interest rates and the averted US government shutdown, while EUR/USD fell 0.14%, and USD/JPY rose 0.09%; gold and silver prices also increased amid geopolitical risks.
Progress
36% Bias Score
Japan's Household Spending Soars, Boosting Case for BOJ Rate Hike
Japan's real household spending rose 2.7% year-on-year in December 2024, exceeding expectations and marking the first increase since July 2024; average spending reached \$2,332, while average monthly income rose to 1,179,259 yen, strengthening the case for another interest rate hike by the Bank of J...
Japan's Household Spending Soars, Boosting Case for BOJ Rate Hike
Japan's real household spending rose 2.7% year-on-year in December 2024, exceeding expectations and marking the first increase since July 2024; average spending reached \$2,332, while average monthly income rose to 1,179,259 yen, strengthening the case for another interest rate hike by the Bank of J...
Progress
40% Bias Score
BOJ Raises Interest Rate to 0.5%, Highest in 17 Years
The Bank of Japan raised its key short-term interest rate to 0.5 percent on Friday, its highest level in 17 years, citing expectations for wage hikes and rising inflation, including a 3 percent increase in core consumer prices in December.
BOJ Raises Interest Rate to 0.5%, Highest in 17 Years
The Bank of Japan raised its key short-term interest rate to 0.5 percent on Friday, its highest level in 17 years, citing expectations for wage hikes and rising inflation, including a 3 percent increase in core consumer prices in December.
Progress
32% Bias Score
BOJ Poised for Rate Hike Amid Inflation and Yen Weakness
The Bank of Japan is expected to raise its benchmark interest rate by 0.25% this week to 0.5%, the highest since 2008, driven by sustained inflation, yen weakness, and a shift in the BOJ's public statements. Eighteen of nineteen economists polled by CNBC predict the hike, despite risks from weak hou...
BOJ Poised for Rate Hike Amid Inflation and Yen Weakness
The Bank of Japan is expected to raise its benchmark interest rate by 0.25% this week to 0.5%, the highest since 2008, driven by sustained inflation, yen weakness, and a shift in the BOJ's public statements. Eighteen of nineteen economists polled by CNBC predict the hike, despite risks from weak hou...
Progress
40% Bias Score