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In September, Japan's core consumer prices demonstrated a ninth straight month of annual revenues. However, they didn’t manage to accelerate from last month, thus underscoring the major bank's ambitious task because it actually struggles to meet an ever-elusive 2% inflation objective.
Apparently, most of September's scant inflation was powered by ongoing leaps in energy costs that were partly compensated by sagging cellphone bills, which is another sign that companies are still reluctant to lift prices as they don’t want to stall a fragile revival in private consumption.
Still, the BOJ is braced for maintaining its current inflation forecasts at a policy gathering next week. The country’s major financial institution blames ongoing inflation on such factors as corporate efforts to spur productivity.
Meanwhile, in September, the nationwide core consumer price index, including oil products and excluding volatile fresh food prices, rallied 0.7% from 2016, matching August. However, it turned to be lower than a 0.8% median market estimate.
In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…
In July, American industrial output managed to ascend, backed by higher manufacturing output, which is an upbeat indication of economic surge in the United States…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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