“Japan’s consumer inflation is likely to accelerate sharply on rising energy and raw material costs“, said on Wednesday the head of the department of monetary affairs of the Bank of Japan (BoJ), Seiichi Shimuzu, said on Wednesday.
Additional comments
“Japan unlikely to see stagflation-like conditionin which prices rise in tandem with the contraction of economic growth”.
“Rising commodity and grain prices will boost energy and food prices in the near term, will hurt the economy in the long run through the impact on household income and corporate profits“.
“Hopefully the Japanese economy will recover by reduce the strain of the pandemic on consumption and support for external demand”.
Source: Fx Street
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