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BOJ May Raise Rates as Soon as June, Ex-Chief Economist Says
The Bank of Japan may raise its benchmark interest rate as many as three more times this year, with the next move potentially coming as early as June given how much room there is to adjust its “excessively” easy settings, according to a former BOJ chief economist.
Japan's Revised Industrial Production Up 4.4% Month on Month in March
Japan's industrial production gained 4.4% month on month in March, better than the 3.4% market consensus expected, as well as the 0.1% month-on-month increase in February, data from the Ministry of Economy, Trade and Industry on Thursday showed.
Japanese Yen Depreciates After Decline in Q1 GDP
The Japanese Yen weakens after growth contracts by 0.5% in Q1.
Swiss Quarterly Unemployment Rate Falls to 4% in Q1
Switzerland's seasonally adjusted unemployment rate declined to 4% in the first quarter from 4.1% in the prior three-month period, the Federal Statistical Office said Thursday.
Swiss Economy Edges Up 0.2% in Q1, Flash Data Shows
Switzerland's gross domestic product grew 0.2% in the first quarter, according to the first flash estimate by the State Secretariat for Economic Affairs published Thursday.
Japan Industrial Production Gains in April
Japan's industrial production in April rose a seasonally 4.4% from March, though it still declined 6.2% on year, reported the Ministry of Economy, Trade and Industry (METI) on Thursday.