15 Hrs
Source:
الاقتصادية
Costs rise as BOJ considers rate hike
The Bank of Japan stated that rising raw material costs are beginning to impact consumer prices, with companies increasing their price hikes at a faster pace, reflecting growing inflationary pressures. Nonetheless, the bank provided a positive assessment of the economy, noting a moderate recovery across all regions, supported by strong demand for digital transformation projects and investments in digital infrastructure. The bank anticipates that price pressures will continue to intensify due to the conflict in the Middle East and the weak yen, with costs increasingly being passed on to consumers, which reinforces expectations of another interest rate hike in the near future.
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