Gate data December 20th news, Krishna Bhimavarapu, the economist of the Asia-Pacific region of Dorf Global Investment Management, said that the unexpected increase in Japan's inflation rate in November appeared after the pump of food prices, which added to the strong macroeconomic data development since the last quarter. On Thursday, the Central Bank of Japan maintained its policy interest rate unchanged, but hinted at continuing its loose policy based on data and other developments. Bhimavarapu believes that the result of the Central Bank of Japan is a turning point for doves, which means that the yen may remain weak for a longer period of time. The economist said that this may in turn rekindle inflation by raising import prices and put the policy normalization of the Central Bank of Japan back on track.
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DowFu Global: Japonya'da beklenmedik yükselis enflasyon, güçlü makroekonomik verilere bir katkı daha sağladı.
Gate data December 20th news, Krishna Bhimavarapu, the economist of the Asia-Pacific region of Dorf Global Investment Management, said that the unexpected increase in Japan's inflation rate in November appeared after the pump of food prices, which added to the strong macroeconomic data development since the last quarter. On Thursday, the Central Bank of Japan maintained its policy interest rate unchanged, but hinted at continuing its loose policy based on data and other developments. Bhimavarapu believes that the result of the Central Bank of Japan is a turning point for doves, which means that the yen may remain weak for a longer period of time. The economist said that this may in turn rekindle inflation by raising import prices and put the policy normalization of the Central Bank of Japan back on track.