From Yahoo Finance: 2025-03-23 19:06:00

The Bank of Japan’s recent meeting emphasized the need to remain vigilant on food-driven inflation, hinting that rates could be raised sooner than expected. Rising food costs, including an 81.4% increase in rice prices, have contributed to inflation exceeding the target for almost three years. While the BOJ is cautious about raising rates due to uncertainties surrounding Trump’s tariffs, Governor Kazuo Ueda signaled a potential rate hike at the upcoming meeting on April 30-May 1, despite current expectations for a tightening in the third quarter. Analysts believe the BOJ is keen to act sooner rather than later to address persistent food inflation.



Read more at Yahoo Finance: Food inflation can’t be ignored even as Trump tariffs raise risks