Receipt

    Filed April 29, 2026

    Too early to tell.

    The short version

    Simona Gambarini predicted on January 1, 2026: “In Japan, continued reflation progress supports our call for continued modest tightening by the BoJ, particularly if the Shunto negotiations confirmed firmer wage growth heading into 2026 and/or yen weakness amplified imported inflationary pressures.” Verdict: Too early to tell. Filed for tracking. Outcome to be evaluated as the timeline plays out.

    Prediction by

    Simona Gambarini

    On January 1, 2026

    In Japan, continued reflation progress supports our call for continued modest tightening by the BoJ, particularly if the Shunto negotiations confirmed firmer wage growth heading into 2026 and/or yen weakness amplified imported inflationary pressures.

    Follow-up

    Filed for tracking. Outcome to be evaluated as the timeline plays out.

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