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Inflation

BOJ’s inflation target of over 2% likely to be achieved as Japan reduces growth forecast

by Craig Fedirighi
BOJ’s inflation target of over 2% likely to be achieved as Japan reduces growth forecast

Japan’s government has cut this year’s economic growth forecast but expects inflation to sharply exceed the central bank’s 2% target in new projections released Thursday, acknowledging growing signs of change …

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Categories Business

BOJ Inflation Update Approaching as Japan’s Price Growth Speeds Up

by Craig Fedirighi
BOJ Inflation Update Approaching as Japan’s Price Growth Speeds Up

Japan’s consumer prices advanced at a faster clip in June in another indication of lingering stickiness in inflation ahead of next week’s Bank of Japan meeting, although economists forecast a …

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Categories Business

Japanese unions call on employers to sustain wage increases for future years

by Craig Fedirighi
Japanese unions call on employers to sustain wage increases for future years

Rengo, Japan’s largest trade union confederation, urged companies on Friday to raise wages further to outpace inflation and help workers deal with rising living costs. The lobby group made the …

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Categories Business

July and August’s High Vegetable Prices Expected to Cause Consumer Price Inflation to Exceed RBI’s Target: Nomura

by Craig Fedirighi
July and August’s High Vegetable Prices Expected to Cause Consumer Price Inflation to Exceed RBI’s Target: Nomura

Consumer price inflation is expected to exceed the Reserve Bank’s tolerance mark of 6 per cent again in July and August due to soaring vegetable prices, according to a Japanese …

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Categories Business

Analyst suggests Japan’s BOJ has had a miscalculated approach towards inflation

by Adrian Jhonsan
Analyst suggests Japan’s BOJ has had a miscalculated approach towards inflation

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty …

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Categories World

Record-breaking surge sees Tokyo’s new condo prices soar by 60% in first half of the year

by Craig Fedirighi
Record-breaking surge sees Tokyo’s new condo prices soar by 60% in first half of the year

Newly built condo prices in Tokyo surged to a record in the first six months of 2023, adding fuel to a trend of growth stemming from factors including an influx …

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Categories Business

Turkey’s central bank raises interest rate to 17.5%, but falls short of expectations

by Adrian Jhonsan
Turkey’s central bank raises interest rate to 17.5%, but falls short of expectations

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on …

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Categories World

150 million job vacancies worldwide need to be filled by older individuals.

by Adrian Jhonsan
150 million job vacancies worldwide need to be filled by older individuals.

A whopping 150 million jobs will shift to workers over the age of 55 by 2030, according to a new global study from Bain & Company. In the Group of …

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Categories World

Why Jobs May Vanish – Artificial Intelligence is Not to Blame

by Adrian Jhonsan
Why Jobs May Vanish – Artificial Intelligence is Not to Blame

Fears about artificial intelligence leading to job losses have spread in recent months, but other economic factors may be much bigger risks. Realpeoplegroup | E+ | Getty Images Fears about …

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Categories World

Cramer Explores the Potential Hazards That Could Halt the Growing Bull Market

by Adrian Jhonsan
Cramer Explores the Potential Hazards That Could Halt the Growing Bull Market

CNBC’s Jim Cramer said Wednesday that Wall Street is finally catching up to his long-held belief that the market has been bullish since inflation peaked last year. Regardless, he laid …

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Categories World
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