Tokyo inflation slows again, vexing path to Bank of Japan rate hike
Businesstimes News·- Tokyo's key inflation indicator unexpectedly cooled, with a 1.3% year-on-year increase in May, the lowest rate in four years, complicating the Bank of Japan's stance on potential interest rate hikes. - The core inflation measure, excluding fresh food and energy, rose 1.6%, reflecting clearer price trends, as overall CPI increased by 1.4%. - Prime Minister Kato's initiatives to contain living costs through subsidies may influence the central bank's future decisions, despite market caution regarding expanded fiscal spending.Economic and event calendar in Asia, Tuesday, May 19, 2026. Japan GDP, RBA minutes.
Investinglive·- New Zealand's data has opened the calendar. - Japan's preliminary GDP data for the first quarter was released, affected by Trump's unsuccessful actions regarding Iran in March. - The Reserve Bank of Australia's minutes will be released, with Assistant Governor Hunter speaking at 9:25 AM local time.