#XSuperApp Inflation in Japan is Rising

CPI in Japan accelerated to +3.7%, the highest level since January 2023. This is the sixth consecutive monthly figure above 3%.

📊Service prices, closely monitored by the Bank of Japan, rose by 1.4% compared to the April figure of +1.3%.

📊As a result, the inflation rate in Japan has been at or above the Bank of Japan's target of 2% for more than 3 years.

❗️The Bank of Japan will likely have no choice but to raise interest rates in July. Part of the increase was caused by tariffs and premature rate cuts. Despite Trump’s pressure, Powell understands that in such conditions, a rate cut could cause significant problems.