The Subsidy Mask Slips: Japan’s Inflation Problem Is Hiding in Plain Sight
Japan | Monetary policy, energy and the yen The Bank of Japan has raised its policy rate to 1.25%, the highest since 1995. National inflation reads a modest 1.9%, but Tokyo’s core figure has just jumped to 2.7%, and a conflict that Japan cannot influence is the reason the central bank cannot afford to wait. … Read more