Japan – inflation up, labour market tightening
The BOJ has been expressing confidence that inflation is getting to 2%. The Tankan can only reinforce that: the labour market tightened, and output prices rose again. The BOJ should be tightening.
![Japan – inflation up, labour market tightening](/content/images/size/w2000/2024/07/Japan--CPI-outlook--BOJ-Tankan.png)
The BOJ has been expressing confidence that inflation is getting to 2%. The Tankan can only reinforce that: the labour market tightened, and output prices rose again. The BOJ should be tightening.