From Fast FT (subscription required): “Japanese stocks fall as stimulus hopes fade”
- Adjusted for the sales tax hike back on April 1, core CPI rose 1.5%, the highest since late 2008
- The result is likely to support the Bank of Japan’s belief that its monetary policy is working as is. In some respects that’s good news, but it further upsets any hope of further easing from the central bank.
- Barclays analysts said they no longer predict more easing anytime this year.
There ya go.
