柏瑞投资表示,日本的通胀格局已出现根本性转变。虽然早前的通胀主要由食品及能源价格推动,但随着相关压力消退,由工资及服务业带动的基本通胀料将企稳于1%左右的水平。从经济周期来看,目前已有明确迹象显示经济增长与通胀双双见顶回落。通胀率早前升穿4%见顶后,现已回落至央行目标水平,且上升动能正持续减弱。虽然预期日本央行将继续加息,但考虑到经济基本面转弱,加息步伐料将缓慢渐进,幅度亦会低于目前市场预期。...
Source Link柏瑞投资表示,日本的通胀格局已出现根本性转变。虽然早前的通胀主要由食品及能源价格推动,但随着相关压力消退,由工资及服务业带动的基本通胀料将企稳于1%左右的水平。从经济周期来看,目前已有明确迹象显示经济增长与通胀双双见顶回落。通胀率早前升穿4%见顶后,现已回落至央行目标水平,且上升动能正持续减弱。虽然预期日本央行将继续加息,但考虑到经济基本面转弱,加息步伐料将缓慢渐进,幅度亦会低于目前市场预期。...
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