Charting The Global Economy: BOJ Holds; US Inflation Won’t Let Up

Bloomberg

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Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Charting The Global Economy: BOJ Holds; US Inflation Won’t Let Up

The Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down. The Japanese yen slumped as BOJ Governor Kazuo Ueda played down the impact on inflation from a weakening currency. While he’s indicated a preference to proceed gradually with rate increases, Ueda is trying to avoid restraining the economy.