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📖 Day 1 · Quiz (Single Choic
Japan's core inflation rate is higher than expected, increasing the likelihood of the Bank of Japan raising interest rates in July.
Jin10 reported on May 23 that Min Joo Kang, a senior economist at the Dutch International Group for South Korea and Japan, stated in a research report that Japan's core inflation rate is higher than expected, increasing the possibility of a rate hike by the Bank of Japan in July. The inflation rate is expected to remain above the Bank of Japan's target of 2.0%. After a potential rate hike of 25 basis points in July, the Bank of Japan may hold steady for a considerable period due to the high uncertainty surrounding U.S. tariffs.