The Tokyo CPI suggests that the Bank of Japan’s Board will need to revise up their inflation forecasts yet again at the May meeting. And with the expansion in employment running on fumes as the participation rate has hit a three-decade high, we expect the Bank to respond with more tightening this year than most anticipate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services