![]() ![]() This unique British perspective shaped both lyrical content and musical fashion. While nearly all other UK reggae labels focused on releasing Jamaican music – from the early days of Island and Trojan in the 1960s, through Island and Virgin in the 1970s, and Greensleeves that came up in the 1980s – Fashion’s focus was firmly on music produced in the UK. Keith Douglas – DJ JamboreeĮ1 Top Cat – Ruffest Gun Ark (DJ Rap Mix)Į3 Papa Face & Bionic Rhona – To The Bumpį2 Janice Walker – You'll Never Need Somebodyįrom 1980 - 2000, Fashion Records released hundreds of records that successfully reflected, and indeed set, the changing styles and perspectives of reggae music in the UK – from UK dancehall and lovers rock in the 1980s through to the mighty rise of jungle in the second half of the 1990s. Red Man – Dance Pon De CornerĪ2 Cutty Ranks – Limb By Limb (DJ SS Remix)ī3 Bunny General – Played By This Ya Soundī4 General Levy & Hard 'N' Pure – Wikkeda!!Ĭ2 Poison Chang – Shot Fe Bust (Marvellous Cain Remix)ĭ1 Papa Face Ft. "I don't think policymakers have changed their view it's still difficult for inflation to sustainably hit 2 per cent.A1 Papa Face Ft. "The BOJ may revise up its inflation forecast but probably keep policy steady in July," said Takeshi Minami, chief economist at Norinchukin Research Institute. But he stressed the need to keep ultra-low interest rates for now. In an interview with Reuters conducted on Wednesday, BOJ Deputy Governor Ryozo Himino also said strong domestic demand and changes in corporate price-setting behaviour were emerging as new factors pushing up inflation. Dai-ichi Life's Shinke sees inflation averaging anywhere between 2.5 per cent and 3 per cent this fiscal year.īOJ Governor Kazuo Ueda has repeatedly said the BOJ will maintain ultra-loose policy until stronger wage growth keeps inflation sustainably around its 2 per cent target. Many analysts expect the BOJ to revise up its core consumer inflation for the current fiscal year ending in March 2024 from 1.8 per cent projected in April. Markets are focusing on the BOJ's new quarterly growth and inflation projections due at its next rate review on July 27-28, for clues on how soon the central bank could phase out stimulus. interest rate hikes and soft Chinese growth cloud the outlook for global demand. ![]() Japan's factory output fell more than expected in May, data showed on Friday, underscoring risks to the export reliant economy as aggressive U.S. Uncertainty over the global outlook also keeps Japanese policymakers cautious of ending ultra-low rates too hastily. While companies offered wage hikes unseen in three decades this year, inflation-adjusted real pay continues to fall in a sign of pain consumers are feeling from the wave of price hikes.Ī survey by Teikoku Databank on 195 food goods producers showed they plan to raise prices for a combined 3,385 items in October, a report released by the think tank showed on Friday. It slightly missed a median market forecast for a 3.3 per cent gain.Īn index that strips away both fresh food and fuel costs rose 3.8 per cent in June from a year earlier after a 3.9 per cent gain in May, the data showed.Īside from an increase in utility bills that kicked off in June, Tokyo consumers paid 9.6 per cent more than year-before levels for a box of sushi and 17 per cent for hamburgers, the June data showed.Ī roll of toilet paper was 15.5 per cent more expensive and a tax ride was 14.4 per cent higher in June than the previous year's levels. The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 3.2 per cent in June from a year earlier, accelerating from a 3.1 per cent gain in May. "The question is whether wages would rise enough to underpin consumption, and generate a positive wage-inflation cycle the BOJ hopes to achieve. "Inflationary pressure remains fairly strong as there are few signs companies are done hiking prices," said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute. However, there is uncertainty about how long households can weather price hikes and generate inflation driven more by demand, which holds the key to whether BOJ's 2 per cent target can be achieved in a sustainable manner, analysts say. The data for Tokyo, which is seen as a leading indicator of nationwide trends, will likely feed into expectations for the Bank of Japan (BOJ) to phase out its massive stimulus this year. TOKYO :Core inflation in Japan's capital perked up in June and remained above the central bank's 2 per cent target for the 13th month, a sign price hikes were spreading to broader sectors of the economy and keeping policymakers pressured to dial back ultra-easy policy. ![]()
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