The Bank of Japan lifted its benchmark interest rate to a 31-year high, citing underlying inflation that Governor Kazuo Ueda says is approaching the central bank’s 2 percent target. The widely expected move comes amid growing inflationary risks and external pressure, including from the United States.
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Show me real wage growth. Then I’ll believe.
Meanwhile my grocery bill has set records for years, and nobody calls it a triumph. Funny how that works.
Rates at a 31-year high, and Japan’s debt pile doesn’t shrink. Who services that bill — savers, taxpayers, or nobody?
