Free Trial

MNI BRIEF: BOJ's Amamiya: High CPI in U.S., Europe Persistent

TOKYO (MNI)

Bank of Japan Deputy Governor Masayoshi Amamiya said on Tuesday that there is no sign rising inflation in the U.S. and Europe will reverse and there is gap between Japan and those countries on prices.

“Actual price developments to date seem to suggest that inflation in the U.S. and Europe has become more persistent,” Amamiya said at the Workshop on “issues surrounding Price Developments during the Covid-19 Pandemic.” Amamiya said that Japan’s CPI from April may be at around 2%. But there is a clear gap between inflation in Japan and the U.S. and Europe.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.