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Japan wanted inflation and Iran war could grant that wish. But it's not the type Tokyo desires
The Iran war is pushing up "cost-push" inflation in Japan as opposed to the "demand-pull" inflation the BOJ seeks.
Raccontata da
cnbc.com
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Bank of Japan keeps rates steady as expected, warns Iran war may push up inflation
The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.
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Japan wanted inflation and Iran war could grant that wish. But it's not the type Tokyo desires
The Iran war is pushing up "cost-push" inflation in Japan as opposed to the "demand-pull" inflation the BOJ seeks.