The Economist (August 20)
2022/ 08/ 21 by jd in Global News
The Bank of Japan expects “prices will rise by 2.3% in the current fiscal year. That would be the first time prices outstrip the bank’s 2% target since it was introduced in 2013, excluding the impact of sales-tax hikes. The covid-19 pandemic and commodity shocks from the war in Ukraine seem to have done what years of loose monetary policy could not.”
Tags: 2.3%, 2013, BOJ, Commodity, COVID-19, Pandemic, Prices, Rise, Sales-tax hikes, Shocks, Target, Ukraine, War
