In May 2024, Japan's service prices have risen at the fastest rate in over 30 years, adding momentum to the argument for the Bank of Japan (BOJ) to consider raising interest rates. The steady and widening increase in service prices is a key component of Japan’s inflation data, which may spur the BOJ to take another step toward policy normalization.
Japan’s service prices rose at the fastest clip in over 30 years, supporting the case for the BOJ to raise interest rates https://t.co/frOt171vCq
Japan’s service prices rose at the fastest clip in over 30 years, supporting the case for the BOJ to raise interest rates https://t.co/hwXmSxVOTB
Japan’s service prices rose at the fastest clip in over 30 years, supporting the case for the BOJ to raise interest rates https://t.co/08rs9qRncE
Service prices, a key component of Japan’s inflation data, are sustaining momentum, adding to the case for the BOJ to take another step before too long toward policy normalization https://t.co/lcAgdhvUen
🇯🇵 #Japan | Steady, Widening Service Price Rises May Spur Next #BOJ Hike – Bloomberg https://t.co/4PZW7wVckk https://t.co/QlYR7N3O66