Japan’s inflation jumps on energy costs, rate hike potential grows
: Japan’s Inflation Surges Amidst Rising Energy Costs: Implications and Rate Hike Potential Background The Bank of Japan (BoJ) has maintained a low-interest rate environment since the late 1990s to revitalize the economy and achieve its 2% inflation target. However, recent developments in energy markets have put upward pressure on prices, leading to a surge…