In May, Japan’s core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent – its highest level since January 2023 – interior ministry data showed.
Inflation accelerates in Japan after rice prices double
Submitted 3 days ago by schizoidman@lemmy.zip to globalnews@lemmy.zip
https://japantoday.com/category/business/rice-prices-double-in-japan-as-inflation-accelerates
sirico@feddit.uk 3 days ago
Japan still holds a ton of U.S. debt, so if they start shifting strategy to deal with inflation or fund these cash handouts, that could ripple out fast. They hold the most US debt. Wouldn’t take much to put the U.S. in a tough spot if bonds start getting dumped.