One reason why investors were caught off guard by the further acceleration in trimmed mean CPI last quarter was that the ABS' Monthly CPI Indicator hasn't been as reliable as we'd like it to be. That...

The Bank of Japan revised up its medium-term inflation forecasts while keeping policy unchanged today, but we still think that it won’t snuff out the budding virtuous cycle between incomes and wages.

The unemployment rate rose slightly in September on the back of a large jump in the labour force but a continued rise in the job-to-applicant ratio suggests that the labour market will tighten again...