Bank of Japan Squeezed by Takaichi, Trump and Iran War Inflation

Bank of Japan squeezed by Takaichi, Trump and Iran war inflation

Speaking on Wednesday (May 27), Bank of Japan Governor Kazuo Ueda cautioned that central banks must prevent this year’s oil‑driven inflation surge from hardening into a lasting global problem. “If inflation expectations are already high and wages are accelerating, the risk of second‑round effects is large,” he said, adding that the line between temporary and […] The post Bank of Japan squeezed by Takaichi, Trump and Iran war inflation appeared f…

Central bank leaders warn of long-term inflation impact of Iran war

Leaders of major global central banks warned of growing, long-term inflationary pressure stemming from the Middle East conflict. Traders are now betting on at least one Federal Reserve rate increase this year, compared to projections a month ago of policymakers holding firm or even lowering borrowing costs, with the president of the Chicago Fed telling CNBC that “inflation has not proved as temporary as was advertised.” The Bank of Japan’s gover…