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20th Jun 2024 18:21China+Weekly Monitor

  • Japan’s consumer inflation rose in May, due to the phasing out of household energy subsidies.
  • Cost-push inflation is set to return in H2, reflecting the lagged impact of the weak JPY.
  • But the June flash PMIs point to flagging domestic economic activity; what a headache for the BoJ!

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Keywords for: 24 June 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence