A further rise in business investment. Private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. How do you think investors are going to respond to this news . The japanese economy is performing quite well. I dont think it will be a big market reaction. Simply because the indications for Monetary Policy are not clear cut. The bank ofjapan is already quite optimistic about the gdp growth, and what really matters for Monetary Policy is how global inflation is. Strong gdp growth, the margin, Rising Inflationary pressures. As we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease Household Burden on the cost of living. In terms of the bank ofjapan, looking at whether they are actually going to raise Interest Rates after quite some time, what do you project . We time, what do you proect . We dont time, what do you proect . We dont thinkļ¬ time, what do you project . Dont thin
And in the euro area, where wholesale Energy Prices feed through more directly to Consumer Prices. Where there is more uncertainty is around the time it will take the other non Energy Components of the Consumer Price of Consumer Price inflation to come down as well. Price inflation for food and Non Alcoholic beverages has been very high, but it does appear to have peaked. And as you can see in this chart, there are signs in the monthly figures that it has started to ease. And evidence collected by the banks Regional Agents suggests that a moderation in food inport prices is being passed through the supply chain to Consumer Prices. So we do expect that food Price Inflation will come down gradually over the rest of this year. The Shadow Chancellor has said the Interest Rate rise weve seen today is another hammer blow to families who are seeing their mortgages increase. Rachel reeves said that the government needs to force the banks and lenders to do more to Mortgage Holders help includin
Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in
an eyesore and an expensive problem fly tipping. it happened more than a million times in england last year but what can be done to stop it? a five goal thriller in the fa cup, with nottingham forest needing extra time to see off league one blackpool in their third round replay. good morning. further heavy snow to come across northern scotland today with blizzards and also drifting. across northern ireland, uk will see snow showers as we well across some of our coasts. in between, there will be sunshine. all of the details later on in the programme. it s thursday, 18th january, our main story. the prime minister has succeeded in getting his key rwanda bill through the house of commons, after a conservative rebellion failed to materialise. it s been called a major step forward in the government s plan to stop migrant boats crossing the channel. 0ur political correspondent peter saull has more. the ayes to the right 320, the noes to the left, 276. a government victory in th
be a thing of the past. and good morning. the frost and ice is not so widespread that but it will be another chilly, cloudy day. mostly dry. i will bring you all the details throughout the programme. good morning. it s friday, 12th january. our main story. the uk and united states have launched military action against houthi rebels in yemen. overnight, the royal air force took part in strikes against 60 houthi targets in 16 locations, following attacks on commercial shipping in the red sea. in a statement, rishi sunak described it as limited, necessary and proportionate action in self defence . louisa pilbeam reports. uk fighterjets launched their attacks on yemen from an raf base in cyprus overnight, directed by the prime minister tojoin us planes striking yemeni rebel targets. the results were captured on houthi television, showing these explosions and reporting significant damage in cities, including the capital, sanaa. yemen s houthi rebels are a tribal mountain militia