With pay hikes becoming increasingly widespread, the Bank of Japan is becoming more confident that it can meet its inflation target on a sustained basis. But with underlying inflation now clearly...

The plunge in inflation in Tokyo in April was mostly due to a sharp fall in high school tuition fees and the provision of free school meals. The impact of those policy changes on nationwide inflation...

The case for the RBA to tighten policy is growing increasingly compelling. Underlying inflation is all but certain to overshoot its current forecast. Services inflation, which has long been a concern...

The US dollar would have to appreciate a lot further before having significant effects on the global economy and financial system. A key risk to watch for is the widening policy divergence between the...