Inflation

At its meeting last month, the Japanese central bank held its policy rate at 1% and signalled that it could possibly raise it in September

It is the first slowdown since the country’s producer price index turned positive in March

Lower oil prices, soft domestic demand moderating inflation, analysts say

Household expenditure adjusted for inflation dropped 3.3% in June, compared to a year earlier

She said there are “good reasons” to believe that supply-driven shocks that have hit the US economy will not have a lasting impact on inflation

US inflation in June versus the same month a year before stood at 3.7%

This remains way above the central bank’s tolerance range

The central bank’s next rate decision is due on Aug 26

Price pressures have risen due to the Iran war and large AI investments