欢迎进Allbet欧博官网,欧博官网是欧博集团的官方网站。Allbet欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

首页社会正文

皇冠足球app:Return to growth unlikely to derail easing plans

admin2022-08-2612

telegram群组www.tel8.vip)是一个Telegram群组分享平台。telegram群组包括telegram群组、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

Inflation risk: A customer refuels a vehicle at a petrol station in Tokyo. Daily necessities, food and energy prices have gained quite a bit in Japan, eating into people’s purchasing power. — Bloomberg

TOKYO: The world’s third-largest economy is finally set to return to its pre-pandemic size, a result that’s nonetheless unlikely to sway Bank of Japan (BoJ) governor Haruhiko Kuroda from his commitment to policy easing.

Gross domestic product (GDP) probably expanded at an annualised 2.7% in the three months through June, economists predicted ahead of imminent data. The expected moderate recovery from an Omicron-impacted first quarter will bring GDP back to its level at the end of 2019.

Yet Japan’s milestone will trail well behind that of the United States, which achieved it a year ago, and much of Europe, which regained it at the end of 2021.

While Kuroda has repeatedly cited the struggle to return GDP to its pre-pandemic level as a reason to keep rates ultra-low, persistent weak wages and a darkening global outlook are among factors that are likely to see the BoJ chief stick to this stance.

“The impact on the BoJ’s policy is going to be limited,” said Harumi Taguchi, principal economist at S&P Global Market Intelligence.

“The central bank’s view will probably remain that inflation is still weak, and the impact from energy prices will soften over time.”

Kuroda said that recent price gains were cost-push inflation, fuelled by surging oil and other commodity imports and exacerbated by yen weakness. The latest BoJ outlook report reflected that view.

,

皇冠足球appwww.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。皇冠官网平台上登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。

,

Taguchi expects the second-quarter recovery will be largely driven by increased consumption after Japan lifted winter Omicron restrictions shortly before the three-month period began.

“The jump in spending was led by restaurants and hotels, entertainment,” said Naoyuki Shiraishi, an economist at the Japan Research Institute. “There’s a strong appetite for capital investment against a backdrop of high corporate earnings.”

Yet Shiraishi echoed Taguchi’s view that the BoJ is unlikely to be moved until inflation is underpinned by robust wage growth. To date, Japan’s paychecks have trailed inflation, eroding household spending power.

“It’s difficult for the BoJ to change its stance now,” said Shiraishi.

The BoJ may have additional reasons to maintain its ultra-low rate stance. Japan is in the midst of a renewed outbreak of Covid-19, with cases topping 200,000 a day in early August.

While accelerating, overall inflation in Japan is just 2.4%, well below other countries. Still, Japanese firms are under significant pressure from surging raw material costs, with increasing numbers of businesses beginning to pass on the higher costs to consumers.

“Japan still needs to see inflation as a risk,” said Shiraishi, referring to the impact on household consumption. “Daily necessities, food, energy prices have gained quite a bit, and this is eating into people’s purchasing abilities.” — Bloomberg

网友评论

最新评论