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• BOJ chief says underlying inflation 'quite close' to price goal

  BOJ Governor Kazuo Ueda stated that underlying inflation is "quite close" to the central bank's 2% target, citing strong global AI demand as a contributing factor. This development is expected to be closely watched ahead of the central bank's upcoming policy meeting, where it will release fresh quarterly growth and inflation forecasts. Ueda emphasized the importance of anchoring inflation around the target, noting that rising raw material costs and a tight job market are also contributing to price pressure.

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• BOJ Governor Ueda says underlying inflation 'quite close' to 2% target

  BOJ Governor Kazuo Ueda has stated that underlying inflation is "quite close" to the central bank's 2% target, emphasizing the importance of maintaining inflation around that level. Ueda also noted that strong global AI demand is contributing to increased domestic capital expenditure and exports, furthering inflationary pressures in Japan. This development highlights the ongoing challenges faced by the country's economy and the need for continued monetary policy adjustments to stabilize inflation.

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• India’s Finance Minister blames easy exits and excess liquidity for equity market's underperformance

  India's Finance Minister, Nirmala Sitharaman, attributes India's equity market underperformance to easy liquidity and ease of exits, despite the country's economic fundamentals being fine. Since January, the key benchmark indexes have fallen nearly 12%, while domestic capital inflows have continued, and foreign investors have sold Indian equities worth over $33 billion this year. Sitharaman emphasized that India is not an AI investment destination and has not received such investments, but she noted that the count…

  2 min read