Japan’s producer price index rose 7.1% year-on-year in June 2026, the fastest pace since March 2023, driven by energy and input costs that reinforce the case for further Bank of Japan rate hikes.
Tag: Japan
Posted inEconomy
Japan retail sales surge 5.3% in May, giving BOJ room to keep hiking
Japan’s retail sales rose 5.3% year-on-year in May 2026, the fastest pace since November 2023, as wage growth and government subsidies powered a broad spending rebound.
Posted inEconomy
BOJ board members back further rate hikes toward a neutral rate of 2%
Bank of Japan board members backed continued rate rises and estimated a neutral rate near 2%, in the June 24 summary of opinions released after the bank’s historic 1% decision.
Posted inEconomy
Bank of Japan lifts rates to 1%, highest since the mid-1990s
The Bank of Japan raised its benchmark rate to 1% in a 7-1 vote on Monday, the highest since September 1995, as Iran war energy costs push Japan’s inflation above target.
Posted inMarkets
Japan’s lower house cuts crypto gains tax from 55% to a flat 20%
Japan’s National Diet approved legislation on June 11 reclassifying digital assets as financial instruments under the FIEA, slashing the top crypto tax rate from 55% to a flat 20% effective 2028.
Posted inEconomy
Bank of Japan holds at 0.75% but a three-way dissent signals the next hike is close
The Bank of Japan’s April 28 decision passed 6-3, with three board members calling for an immediate rise to 1.0% — the sharpest internal split in years, set against a slashed growth forecast and rising inflation tied to Iran war energy costs.