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Gold prices have plunged from a January peak despite rising geopolitical tensions. High inflation and prospects of a Federal Reserve rate hike are driving the decline. Strong U.S. dollar demand is also weighing on the precious metal.
Bank of Japan Governor hospitalized, will miss next week's policy meeting, Kyodo News reports. The unexpected absence raises questions about decision-making on interest rates and monetary policy. No further details on his health condition have been released.
Months of conflict with the US and Israel, coupled with a tightening blockade, have pushed Iran's economy to the brink, with inflation soaring and daily life becoming a battle for survival. Residents of Tehran describe a grim routine of staying alert, checking phones after explosions, and struggling to afford basic goods as prices spiral out of control.
One hundred days into the U.S.-Israeli military campaign against Iran, Tehran remains defiant as fierce fighting and stalled peace talks yield no results. Civilians suffer heavily from economic collapse, with inflation near 84% and food prices soaring, while the regime clings to power amid ongoing missile strikes and political uncertainty.
Since the U.S.-Israel military campaign against Iran began 100 days ago, the average American household has spent an extra $750, mostly on energy. Soaring gas prices, rising inflation at 3.8%, and higher food costs are squeezing consumers, while the Pentagon seeks billions more in funding.
Iran's annual inflation hit 77.2% in April–May 2026, the highest since 1942, causing a collapse in purchasing power. Locals describe red meat as a dream and staple prices soaring beyond reach. Analysts blame economic reforms, war, and structural dependency on oil.
Japan's Parliament on February 28 approved a ¥3.11 trillion ($19 billion) supplementary budget for the current fiscal year to cushion the impact of soaring energy costs. The bill passed both chambers just two days after its introduction, reflecting the government's urgency. It aims to ease the burden on households and businesses amid high fuel, electricity, and gas prices.
Japan's real wages rose 1.9% year-on-year in April, the fourth straight monthly increase, according to data from the Ministry of Health, Labour and Welfare. The figure exceeded economists' forecasts, reflecting tight labor market conditions and ongoing corporate wage hikes.
Bank of Japan Governor Kazuo Ueda warned that rising global oil prices could drive prolonged inflation, not just a temporary spike. He said sustained high oil costs would directly impact consumer prices and inflation expectations. The BOJ is closely monitoring the situation as persistent inflation may force a policy rethink.
