ING
Stronger growth in Japan supports June rate hike despite softer inflation
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https://think.ing.com/snaps/stronger-growth-in-japan-supports-june-rate-hike-despite-softer-inflation/
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4 itemsING THINK
Stronger growth in Japan supports June rate hike despite softer inflation
DESK NOTEING Economics
Japan’s stronger-than-expected GDP supports June BoJ rate hike
The desk's analysis centers on the strong growth in Japan's first-quarter GDP, which supports the expectation of a Bank of Japan rate hike in June. Per the full note from ING Economics, the data revealed a year-on-year increase of 3.9%, outperforming analyst forecasts of around 2.5%. This positive economic signal could shift market sentiment toward the yen as traders recalibrate their expectations for the upcoming monetary policy decisions from the BoJ.
DESK NOTEING Economics