Japanese Inflation and Monetary Policy Under Spotlight as U.S. Fed Chair Jerome Powell Addresses Markets
Thursday, 22 August 2024, 15:13
Japanese Inflation and Its Impact on Markets
Japanese inflation continues to take center stage in Asian markets as U.S. Fed Chair Jerome Powell prepares for his pivotal Jackson Hole speech. Market anxiety intensifies amid rising U.S. recession worries.
Significant Developments
- Japanese inflation expected to show annual core rates rising to 2.7%.
- Bank of Japan Governor Kazuo Ueda addresses lawmakers on monetary policy.
- Previous fluctuations in the Nikkei 225 index ignite volatility in Japanese markets.
- Emerging market assets pressured as the dollar strengthens.
The backdrop is crucial as Japan's economy noted an annualized growth of 3.1% in Q2. Additionally, 57% of economists predict further rate hikes from the BOJ this year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.