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Mohamed A. El-Erian: Yen stability against U.S. dollar may precede corporate price hikes

Mohamed A. El-Erian: Yen stability against U.S. dollar may precede corporate price hikes
Yen stability could trigger Japan price hikes

Mohamed A. El-Erian, president at Queens' College, University of Cambridge, comments on the current movements in the yen. He notes that, despite apparent stability of the yen near 162 per U.S. dollar, the broader consequences have not yet fully materialized. El-Erian points out that Japan could face a wave of corporate price hikes as a result of these currency developments.

El-Erian has recently commented on closely watched U.S. economic indicators. He noted the market focus on the upcoming release of May PCE inflation data. Earlier this month, he discussed trends in the U.S. economy and Federal Reserve policy during an appearance on CNBC's Squawk on the Street.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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