don't be too excited about Japan's inflation "shock".
Reposted from
Bob Elliott
Japan is experiencing a temporary supply shock in rice prices, contributing to sharp rises in reported inflation.
But with services price growth still contained, the FX stable, and wages still lagging behind price gains, an aggressive tightening looks unwarranted.
Thread.
But with services price growth still contained, the FX stable, and wages still lagging behind price gains, an aggressive tightening looks unwarranted.
Thread.
Comments