INSUBCONTINENT EXCLUSIVE:
The Japanese yen has shown remarkable strength, climbing to 150 against the dollar
The country faces a delicate balance between inflation and growth
The core inflation rate also dropped to 2.3%, slightly above forecasts
However, services activity expanded.This mixed picture presents challenges for policymakers
Bank of Japan Governor Kazuo Ueda hinted at a possible rate hike in December
This aims to ease the impact of rising prices on households
remained in slight contraction in November
New orders stagnated, and external demand worsened
However, business optimism about the future improved.This led to the fastest increase in staffing levels since July
Real GDP is expected to grow around 0.5% in 2024-2025
This rate is at or above potential growth.While not impressive, it signals steady progress
Wage growth is projected to hover above 2% through 2024
The balance between growth and inflation will be crucial in the coming months
