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2026-02-20 11:09:48
State Street Investment Management: Japan's Core Inflation Remains Well Above Target, Increased Likelihood of April Rate Hike] In a report, Krishna Bhimavarapu, Asia Pacific Economist at State Street Investment Management, stated that Japan's January consumer inflation data likely reinforces the Bank of Japan's view that core inflation is still rising. He pointed out that although inflation excluding fresh food and energy appears to be cooling, the 2.6% year-on-year increase is still well above the Bank of Japan's target level. The report believes that the Bank of Japan is increasingly likely to bring forward its next rate hike to April. Furthermore, the possibility of further rate hikes later this year is also increasing, as the government may have already incorporated higher interest rates into its fiscal assumptions.
