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.
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BOJ Governor Sees Oil Price Surge as Test of Inflationary Mettle
Consumer prices rose 3.8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran
Investors at the start of this year were pricing in Federal Reserve rate cuts. Those are all but off the table for now. Source link
Retailers’ Sales Growth Cooled Last Month
Sales growth slowed for U.S. retailers in April, damped by a cooler increase in gasoline prices as the Iran conflict continued. Source link
Canada Factory Sales Climb 3% in March to Highest Level in More Than a Year
Manufacturing shipments increased 3% from the month before to a seasonally adjusted C$73.57 billion, the highest level since the start of 2025. Source link