Japan’s central bank looks set to raise its inflation forecasts and debate further policy tweaks, just as business leaders and policymakers descend on the Swiss resort of Davos to put the world to rights.
And the case for ultra-easy policy certainly seems to be weakening. Recent data showed Tokyo inflation at double the central bank’s target. And Japanese workers will hope a decision by Uniqlo’s parent company to hike wages as high as 40% will set a trend.A helicopter flies over the ski resort during the 50th World Economic Forum annual meeting in Davos, Switzerland, Jan. 23, 2020.
ECB chief Christine Lagarde, German Chancellor Olaf Scholz, NATO General Secretary Jens Stoltenberg, Chinese Vice-Premier Liu He and South Africa’s President Cyril Ramaphosa are all expected to attend.In this file photo taken on Nov. 22, 2022, a person climbs into the fridge for milk at a Walmart store in Rosemead, California.U.S. retail sales data and more earnings reports are on tap.
Investors are also watching corporate results to see if U.S. companies can beat estimates, which have been heftily reduced since October. Goldman Sachs and Morgan Stanley report earnings on Tuesday, and Procter & Gamble and Netflix, on Thursday.This photo taken on Jan. 13 shows an aerial view of cranes and shipping containers at Lianyungang port in China's eastern Jiangsu province.The new lunar year of the rabbit is almost here, with COVID-19 spreading unchecked through China.
Just as much focus will be on the two billion journeys expected to carry passengers to their hometowns to celebrate. Mainland markets close for the following week, but holiday anecdotes on willingness to travel, spend and mingle might guide their expectations about how the reopening will unfold.LUIS ROBAYO/AFP/Getty Images
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