-- Japan’s service prices rose at the fastest clip in over 30 years in a sign of a broadening inflation trend that supports the case for the Bank of Japan to raise interest rates.For Private Credit's Top Talent, $1 Million a Year Is Not Enough
Still, the BOJ’s caution has maintained pressure on Japan’s currency, due to the disparity with US interest rates, and kept inflation above its 2% target for more than two years, fueling voter angst.Inflation topped the list of policy tasks that people want Prime Minister Fumio Kishida to tackle, according to a May poll by the Nikkei newspaper. The poll showed 39% of respondents citing the need for more measures to combat rising prices.
Service prices are expected to maintain upward momentum going forward, partly due to wage gains that Japanese workers have seen this year. The country’s largest umbrella group of labor unions reported its members secured wage increases in excess of 5% during this year’s negotiations so far, with services workers in retail and telecommunication achieving above-average gains.
"How dare you tweet this, THIS weekend," former GOP Rep. Adam Kinzinger fired back at Donald Trump's son.Justin Lane/Pool via ReutersFormer President Donald Trump fired off a series of furious social media posts the night before–and in the days leading up to–the final crucial stretch of the former president’s hush-money trial in New York.Both prosecutors and Trump’s defense lawyers on Tuesday will begin their week by addressing the jury in closing arguments.
10 smoking guns in the Trump hush-money trial — and why jurors don't have to believe Cohen or Stormy to convict
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »