Deeper Inflation in Japan Shows Spread of Price Growth

Deeper Inflation in Japan Shows Spread of Price Growth

In Japan, where prices are rising significantly, particularly for commodities, at a time when the yen is weak,
we observe that businesses are compelled to pass on costs to consumers more quickly.
The largest, rising by 1.6 percent from the prior year, marking the quickest rate of growth since 2001

 

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The current situation in Japan indicates

Biden stresses that the United States will not experience an economic recession

Crazy rise in gas prices after the “Gazprom” crisis

 

 

 

 

 

The current situation in Japan indicates

that prices are not responding despite the sharp growth in the United States and Europe,
and also indicates the increase in the trend of inflation within the economy,
which is reflected in the rise in prices, which continues to have an impact on politics.
Governor Haruhiko Kuroda emphasized his goal of achieving sustainable inflation before considering adjusting the easing stance,
and thus the Bank of Japan became the first to accelerate interest rate hikes,
and Kuroda added to the increased need to raise wages to transform cost-push inflation into permanent price growth.

In a report released today by the Central Bank of Japan,
prices of services between businesses increased by 2% in comparison to the same month in the prior year 2021,
with the exception of the impact of the sales tax increase
and the response to some changes in price direction,
which is the apparent shift in the Japanese consumer’s attitude toward prices.

 

artıcal name Deeper Inflation in Japan Shows Spread of Price Growth

 

 

 

 

Biden stresses that the United States will not experience an economic recession

The unemployment rate is still among the lowest in American history,
and Americans’ thirst for investment is also present
, according to statements made by US President “Joe Biden,
” who also expressed his hope that the American economy
will transition from one of rapid development to one steady expansion.

The US Treasury Secretary, Janet Yellen,
stressed that the US economy was slowing down and accepted that a recession was a possibility,
but it had not yet reached the inevitable stage.

The number of new jobs increased for the fourth consecutive month in June,
when employment data in the United States increased to 372 thousand and the unemployment rate stabilised at 3.6 percent.
Prior to the report released on next Thursday, which projects an increase of 0.4 percent in the second quarter,
the US gross domestic product also shrank at an annual pace of 1.6 percent in the first quarter of this year.

artıcal name Deeper Inflation in Japan Shows Spread of Price Growth

 

 

 

 

 

Crazy rise in gas prices after the “Gazprom” crisis

After worries of a total disruption of Russian gas supply through the Nord Stream 1 pipeline increased
and the Russian Gazprom declared that it had chosen to halt operating another Siemens turbine in Nord Stream 1,
gas prices in Europe have risen.

Deutsche Bank said that Putin’s proposal to return the turbine this week will reduce gas flow to 20% of capacity.
and Deutsche Bank added, “So watch out for Russian gas policies,
which may cause a violent crisis in the European energy market.”.
He also said that gas stocks are expected to increase to the level of 75% by September of this year.

The details of the crisis started with Gazprom’s announcement of a decrease
in the volume of gas pumping through the “Northern Stream” gas pipelines,
estimated at 33 million cubic meters per day, or 20% of the pipeline’s capacity.
The European side commented on this decision that it was politically motivated,
which was confirmed by the willingness
The European Union is facing the crisis of the complete interruption of Russian gas at any moment.

Gas prices in Europe rose by 12% to the level of 1890 dollars per thousand cubic meters of blue fuel,
and natural gas prices in Europe jumped to great levels,
reaching 190 euros for the first time since last March, at a rate of 7%.
Oil also recorded a rise, as the US light NYMEX crude rose to $ 100,
while the price of a barrel of Brent crude, the standard
, rose during today’s trading to levels of $ 102 a barrel.

 

 

artıcal name Deeper Inflation in Japan Shows Spread of Price Growth