#Boj

The measure of input prices for Japanese firms rose 2.3% in April from a month earlier, a full point above the highest estimate in a survey of economists.

The report marks the OECD's first survey on Japan since January 2024, when the BOJ's policy rate was still in negative territory.

Gov. Kazuo Ueda may face pushback if he seeks to raise the benchmark rate next month.

From Japantimes RSS Feed: Japan’s real wages rise for third month to keep BOJ on hike path

The comments came after the yen surged last Thursday following reported intervention by the authorities, and also saw a number of intraday rallies during days that followed.

Surging inflation, an economic slowdown, and uncertainty over how long the energy shock set will last has forced central banks to adjust.

The consumer price index excluding fresh food rose 1.5% in April from a year earlier in the capital, the smallest gain since March 2022.

Until the government stepped in, the currency had been trading close to its cheapest levels in four decades.

The Japanese currency is at its weakest since July 2024 and at levels that could trigger intervention.

From Japantimes RSS Feed: Three dissents at BOJ policy board meeting suggest hawkishness ahead

Forecasts have changed significantly in recent weeks as conflict continues and the price of oil remains high.