The Bank of Japan maintained its massive stimulus and guidance of ultra-low interest rates and raised the inflation forecast, even as its peers have turned hawkish amid the global inflation surge that is driven by runaway energy prices and supply shortages.The bank also committed to conduct fixed rate auctions every business day to defend its 0.25 percent yield target.The central bank's dovish sta...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.