-- Japan’s inflation accelerated after the government increased renewable energy-related levies, a result that backs the case for the central bank to consider raising interest rates in coming months.United Airlines Jet Turns Back After Engine Piece Falls Off
Ueda further highlighted the possibility of an early hike when he said in parliament Tuesday that there’s a good chance the policy rate will be raised next month, depending on economic and financial conditions. Going forward, there are both upside and downside factors affecting prices. One of the main factors pushing prices higher is the weak yen. Japan’s currency has traded within a few yen of its 34-year low to the dollar for much of the past month.
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