


By Leika Kihara and Takahiko Wada
TOKYO (Reuters) - The Bank of Japan is putting more emphasis on an inflation gauge that excludes fuel costs, and will likely raise its projections for the index's growth in quarterly forecasts due this month, said three sources familiar with its thinking.
The upgrade would underscore the central bank's growing conviction that robust domestic demand will allow firms to raise prices, and keep inflation sustainably around its 2% target in coming years.
But the upward revision alone was unlikely to trigger an immediate interest rate rise, because many BOJ officials saw a need to scrutinise the outcome of annual spring wage negotiations and the fallout from U.S. interest rate hikes, the sources said.
"Price rises are broadening more than initially expected, a trend that could continue if wages rise enough," one of the sources said.
"When stripping away one-off factors like government subsidies, trend inflation appears to be gaining momentum," another source said, expressing a view echoed by the third.
The BOJ has traditionally used core consumer inflation, which excludes the effect of fresh food but includes energy costs, as a key gauge in producing forecasts and guiding policy.
But in April it also began issuing forecasts for "core-core" consumer inflation, which strips away the effect of both fresh food and energy costs, to better grasp the broad price trend driven by domestic demand.
With government fuel subsidies and scheduled utility bill hikes muddling this year's price outlook, the BOJ was now focusing more on the core-core index in determining whether Japan could achieve sustained price rises, the sources said.
In fresh quarterly projections due this month, the BOJ would probably raise its core-core inflation forecasts for the current fiscal year ending in March and fiscal 2023, they said.
It might also slightly upgrade the forecast for fiscal 2024, depending on how the board viewed prospects for wage growth, the sources said.
The upgrades, which would push the outlook for core-core inflation closer to the BOJ's 2% target, will likely keep alive market expectations the central bank will phase out its ultra-loose policy when Governor Haruhiko Kuroda's second five-year term ends in April.
In current forecasts, made in October, the board projects the average level of the core-core consumer price index this fiscal year will be 1.8% higher than in fiscal 2021. It expects fiscal 2023 and fiscal 2024 each to show rises in the index of 1.6%.
EUR/USD
1.0737
+0.0038 (+0.36%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (3)
EUR/USD
1.0737
+0.0038 (+0.36%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (3)
GBP/USD
1.2473
+0.0034 (+0.27%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
USD/JPY
139.67
-0.46 (-0.33%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
AUD/USD
0.6684
+0.0032 (+0.48%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (4)
Sell (2)
USD/CAD
1.3355
-0.0015 (-0.11%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
EUR/JPY
149.95
+0.02 (+0.01%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (6)
EUR/CHF
0.9717
-0.0021 (-0.22%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Gold Futures
1,961.50
+3.10 (+0.16%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (2)
Silver Futures
23.802
+0.273 (+1.16%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (8)
Copper Futures
3.7477
-0.0083 (-0.22%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
Crude Oil WTI Futures
73.08
+0.55 (+0.76%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (11)
Brent Oil Futures
77.47
+0.52 (+0.68%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (10)
Natural Gas Futures
2.367
+0.038 (+1.63%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (11)
Sell (0)
US Coffee C Futures
188.35
+2.95 (+1.59%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (4)
Sell (1)
Euro Stoxx 50
4,300.25
+8.34 (+0.19%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (8)
S&P 500
4,267.52
-16.33 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
DAX
15,996.65
+36.09 (+0.23%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (8)
FTSE 100
7,620.02
-4.32 (-0.06%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (9)
Hang Seng
19,299.18
+47.18 (+0.25%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (1)
US Small Cap 2000
1,891.11
+35.71 (+1.92%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
IBEX 35
9,393.90
+34.10 (+0.36%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
BASF SE NA O.N.
47.377
+0.927 (+2.00%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (1)
Sell (4)
Bayer AG NA
52.16
+0.03 (+0.06%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Allianz SE VNA O.N.
210.08
+1.23 (+0.59%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (8)
Adidas AG
159.41
+0.15 (+0.09%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (8)
Deutsche Lufthansa AG
9.122
-0.011 (-0.12%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Siemens AG Class N
158.18
-0.28 (-0.18%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
Deutsche Bank AG
9.942
+0.130 (+1.32%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
EUR/USD | 1.0737 | Neutral | |||
GBP/USD | 1.2473 | ↑ Buy | |||
USD/JPY | 139.67 | ↑ Sell | |||
AUD/USD | 0.6684 | Neutral | |||
USD/CAD | 1.3355 | ↑ Sell | |||
EUR/JPY | 149.95 | ↑ Sell | |||
EUR/CHF | 0.9717 | ↑ Sell |
Gold | 1,961.50 | ↑ Buy | |||
Silver | 23.802 | ↑ Sell | |||
Copper | 3.7477 | Sell | |||
Crude Oil WTI | 73.08 | ↑ Sell | |||
Brent Oil | 77.47 | ↑ Sell | |||
Natural Gas | 2.367 | ↑ Buy | |||
US Coffee C | 188.35 | ↑ Buy |
Euro Stoxx 50 | 4,300.25 | ↑ Sell | |||
S&P 500 | 4,267.52 | ↑ Sell | |||
DAX | 15,996.65 | ↑ Sell | |||
FTSE 100 | 7,620.02 | ↑ Sell | |||
Hang Seng | 19,299.18 | ↑ Buy | |||
Small Cap 2000 | 1,891.11 | ↑ Buy | |||
IBEX 35 | 9,393.90 | ↑ Sell |
BASF | 47.377 | Neutral | |||
Bayer | 52.16 | ↑ Sell | |||
Allianz | 210.08 | ↑ Sell | |||
Adidas | 159.41 | Sell | |||
Lufthansa | 9.122 | ↑ Sell | |||
Siemens AG | 158.18 | ↑ Buy | |||
Deutsche Bank AG | 9.942 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,640![]() ![]() (-5 ![]() ![]() |
SJC HCM | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Hanoi | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Danang | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Nhatrang | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Cantho | 6,640![]() ![]() (-5 ![]() ![]() |
Cập nhật 08-06-2023 19:23:42 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,947.54 | +3.07 | 0.16% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.790 | 23.240 |
RON 95-III | 22.010 | 22.450 |
E5 RON 92-II | 20.870 | 21.280 |
DO 0.05S | 17.940 | 18.290 |
DO 0,001S-V | 18.800 | 19.170 |
Dầu hỏa 2-K | 17.770 | 18.120 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $73.22 | +1.19 | 0.02% |
Brent | $77.50 | +1.06 | 0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.290,00 | 23.660,00 |
EUR | 24.502,58 | 25.874,56 |
GBP | 28.482,59 | 29.697,07 |
JPY | 163,25 | 172,83 |
KRW | 15,54 | 18,94 |
Cập nhật lúc 18:52:39 08/06/2023 Xem bảng tỷ giá hối đoái |