Japan Readies May CPI Release as Inflation Stays Below BoJ's 2% Target
Updated
Updated · TradingView · Jun 19
Japan Readies May CPI Release as Inflation Stays Below BoJ's 2% Target
3 articles · Updated · TradingView · Jun 19
Summary
Japan is due to release May CPI on Friday, with both headline and core inflation having stayed below the Bank of Japan’s 2% target for four straight months.
That reading lands just after this week’s BoJ rate hike, while the yen has kept struggling and USD/JPY has pushed back toward its 2024 highs.
BoJ minutes from the April meeting are also due later in the session, offering more detail on policymakers’ thinking as markets assess weak price momentum.
Holiday closures in Hong Kong, China and the US are expected to thin Friday trading liquidity across Asia.