Bank of Japan Sees Broadening Inflationary Pressure
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6 Articles
Channel News Asia
Bank of Japan sees broadening inflationary pressure
TOKYO, Oct 8 : The Bank of Japan said on Thursday price increases driven by higher raw material costs were spreading to consumer goods with some firms hiking prices more frequently than in the past, signaling its concern over broadening inflationary pressure.The central bank also offered an upbeat view on the
Price increases have spread to consumer goods, with some companies raising prices more frequently than before due to rising raw material costs, the Bank of Japan said on Thursday, according to Reuters.
In its October regional economic report (Sakura Report) released on the 8th, the Bank of Japan upgraded its economic assessment for two of its nine regions nationwide: Tohoku and Shikoku. The assessment remained unchanged for the remaining seven regions. The report cited increased production across a wide range of products, including semiconductor manufacturing equipment and telecommunications infrastructure, due to expanding demand for artifici…
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