Core consumer inflation in Tokyo accelerates at fastest pace in 8 years

Core consumer inflation in Tokyo accelerates at fastest pace in 8 years

Wages still not moving, or moves slowly. Finally people being impacted by abenomics.

https://www.reuters.com/markets/asia/japan-may-real-wages-post-biggest-drop-nearly-2-years-inflation-2022-07-04/

board members believe the recent bout of commodity inflation will only be temporary

True, it may only continue for 18 years.

Better keep printing the money and financing public spending deficits temporarily for the next 18 years.

Time for the govt to use corporate taxes to start financially punishing employers that refuse to give pay raises reflecting their profit growth and windfall from the BoJ's "accommodative" policy.

Softbank, for example, has been earning the highest profits in Japan's history and has paid no income taxes most years over the past decade or so. It's a mystery that people aren't rioting in the streets.

It's a mystery that people aren't rioting in the streets.

Japan did indeed find a unique way of keeping people so busy and barely financed that they don't have the time and energy have opinions on these things...

its board members believe the recent bout of commodity inflation will only be temporary 

I do not think so, considering the whole commodities

In the West it would be:

Core consumer inflation in US, Europe accelerates at fastest pace in 40 years.

Of course contrary to Japan salary rise in the West but at a rate that is 2 to 3 % below inflation rate. So the situation is not better than in Japan, actually worst.

""The BOJ's dovish stance is in stark contrast with its global peers""

And seems to be working for the good of Japan, yesterdays news out of England where people are on the verge of going hungry and can't pay their bills due to rising energy and basic foods prices makes think that BOJ and the government are doing the right thing after all.

BOJ and the government are doing the right thing after all.

It's all good, as long as you never plan to travel overseas or purchase any imported goods. Then you will feel the effect of the Yen being devalued to toilet-paper currency.

Japanese people have been on the brink of starvation diets for decades, ever wonder why their size hasn’t changed for generations? So it’s just another burden for them., to put on their shoulders. Suffering is just part of being Japanese.

Inflation up, Taxes up, Wages flat or even down. For the out of work, it's going to be a very tough time ahead.

Waiting for the day when we can replace "consumer inflation" with "wages" on the headline.

Living in Tokyo means paying more to live in a crowded city and small apartment where people have less money to spend, including many here-doesn’t make sense to be there.

They are shrinking

I would have thought in this day and age of limited resources that being less of a liability to the planet whilst prolonging life is an excellent achievement.

As for 2.6% inflation, barely BoJ target, and is excellent compared to the rest of the world. What is going on with the Japanese mainstream media these days?

The rising inflationary trend, however, is unlikely to change the BOJ's stance of keeping its ultralow rate policy anytime soon

Straight from the horse's mouth from Jackson Holes. Easy money for now.

https://financialpost.com/pmn/business-pmn/jackson-hole-latest-imf-deputy-sees-period-of-hot-us-inflation

Interesting that all these bank bosses are at Jackson Holes, may be they're trying to see what's it's like physically to jump off a cliff, like Corbet's Couloir (a steep couloir at JH ski resort).

Time for the govt to use corporate taxes to start financially punishing employers that refuse to give pay raises reflecting their profit growth and windfall from the BoJ's "accommodative" policy.

IMHO, they're barely able to get corporates to invest for profits, we saw a jump in capital investments in June which shocked everybody with a record trade deficit, and it's been quiet since. Politically there's a will, socially there's a will, but corporate Japan seems to be dragging the chain...