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EWJV - Cooler Inflation Ahead Of The Bank of Japan Meeting
iShares MSCI Japan Value ETF
2024-04-19 03:52:00 ET
Summary
Inflation slowed down in March but underlying inflationary pressures are still alive.
The BoJ’s pause at its next week’s meeting is widely expected but markets will pay more attention to the BoJ’s quarterly outlook report.
Given that higher commodity prices combined with a weak yen are likely to push up both headline and core inflation, the BoJ’s need to raise rates sooner than market consensus is likely to increase in our view.