The benchmark consumer-price index rose 3.1% from a year earlier in May, reflecting the effects of higher oil prices amid Middle East tensions and the won’s weakness against the U.S. dollar.
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The current energy shock could rewrite Japan’s inflation outlook, but the impact isn’t black and white, says Bank of Japan Gov. Kazuo Ueda. Source link
The next Fed chair wants lower rates. But the data might make that impossible. Source link
