Recent economic data from Japan has shown resilient performance, reinforcing arguments for the Bank of Japan (BOJ) to consider raising interest rates. Positive indicators including steady growth in industrial output, improved consumer spending, and a tightening labor market have bolstered confidence among policymakers. These developments suggest that inflation pressures may be becoming more entrenched, reducing the need for prolonged monetary easing. With inflation nearing the central bank’s 2% target and wage growth showing signs of sustainability, officials are increasingly weighing the timing of a policy shift. While caution remains due to global uncertainties, the accumulating evidence points toward a stronger case for normalizing monetary policy in the near term.
— news from The Wall Street Journal
— News Original —
wsj.com
Solid Japan Economic Data Back Case for BOJ Rate-Hike The Wall Street Journal