Gains in consumer prices will probably accelerate at a gradual pace as wages rise, consumption picks up steam and companies pass more costs to consumers. Investors should anticipate the Bank of Japan won't stop with one rate increase alone. |
I don't think an inflation target is in anyone's interest since the government will ultimately need to do what satisfies the general public. |
The BOJ may want to move early to raise rates, but they should expect a big battle. It likely won't happen until October or later. |
These figures will translate into upward pressures on the consumer price index. |