Interest rate hike expectations heat up again! Japan's January CPI soars to 4%, hitting a two-year high
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Japan's January CPI rose 4% year-on-year, reaching a two-year high, while core CPI increased by 3.2%, exceeding expectations and fueling interest rate hike expectations. The Japanese yen strengthened slightly against the US dollar, and the 10-year government bond yield rose to 1.55%. The Bank of Japan raised interest rates by 25 basis points at the January meeting and discussed the possibility of further tightening monetary policy. Although the GDP data for the fourth quarter of 2024 was better than expected, the annual growth rate was only 0.1%. The next meeting of the Bank of Japan is scheduled for March 19
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