Guardian Stockbrokers Key Economic News Tuesday 18 January 2022
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Guardian Stockbrokers
PUBLISHED:
18 Jan 2022 @ 19:57
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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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BoJ keeps key interest rate unchanged, raises inflation outlook
The Bank of Japan (BoJ), in its latest monetary policy decision, left its benchmark interest rate unchanged -0.1%. In a quarterly outlook report, the BoJ raised its inflation forecast for the year to 1.1% from 0.9%. Additionally, the central bank increased its inflation forecast for fiscal 2023 to 1.1% from 1.0% and offered a more upbeat view on the economy than three months ago.
Japanese industrial production advanced less than expected in November
In Japan, final industrial production advanced 7.00% on a MoM basis in November, compared to an advance of 1.80% in the previous month. Markets were expecting industrial production to record an advance of 7.20%.
Japanese capacity utilization rose in November
In Japan, capacity utilization registered a rise of 8.00% on a MoM basis in November, compared to an advance of 6.20% in the previous month.
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