Expected as the new crop begins to come into the market. the risks from extreme weather and monsoons remain outside risks to inflation. both and i ll be unable to cut interest rates and the government facing a crucial election season in the summer of 2024 will be watching the inflation scenario very, very carefully. staying in asia, japan s economy grew by 6% on an annualised basis in the second quarter, boosted by a rise in demand for its exports and its weaker currency. the figures show asia s second biggest economy has now expanded for three consecutive quarters. live now to our asia business hub of singapore, where katie silverjoins us. so katie, tell us more. that s right so a hugely better than what many economists predicted, almost double that almost the biggest rise we ve seen from japan and its terms
Comes into the market. the risks from extreme weather and monsoon remain major risks to inflation. they are unable to cut interest rates, and the government faces a crucial election season in the summer of 2024, and will be watching the inflation scenario very carefully. the inflation scenario very carefully- the inflation scenario very carefull. ,, ,, ,, carefully. the swiss bank ubs has agreed carefully. the swiss bank ubs has agreed to carefully. the swiss bank ubs has agreed to pay carefully. the swiss bank ubs has agreed to pay $1.4 - carefully. the swiss bank ubs has agreed to pay $1.4 billion | has agreed to pay $1.4 billion to settle flawed claims in the united states, linked to the 2008 financial crisis. fraud claims. it is the last case of prosecutors investigating banks in the run up to the crash. prosecutors said the bank lied about the quality of mortgages that were packaged and sold to investors. ubs did not admit or deny the claims. in a statement, it said it h
Easier to solve. we re in a world where a lot of global shops will boost prices over time and how do we get from that world into an inflation scenario that is more comfortable, that doesn t erode the paychecks of most americans. that is the question. and unfortunately, there is a limit to what the federal reserve or congress can do about global supply shops other than make them more comfortable for people. but actually solving that problem, that will be a hard one to solve. inflation data due later this morning. the fed s favorite inflation gauge and this is not the cpi, something called the pce, what do you expect that we ll discover about the inflation story later this morning? we re going to discover that that inflation is spreading. it is broad based. and it is not just about food and gas prices which tend to be volatile. but really feeds into what the fed looks at as core inflation. why they look at more core inflation is because that