东京房租飙升显示日本通胀趋势深化 央行政策转向压力加剧

Core Viewpoint - Tokyo apartment rents are rising at the fastest pace in 30 years, indicating a deepening inflation trend in Japan, which may pressure the Bank of Japan to adjust its monetary policy [1] Summary by Relevant Sections - Rent Increase Data - In April-May this year, rents in the Tokyo metropolitan area increased by 1.3% year-on-year, marking the largest increase since 1994 [1] - This increase is relatively modest compared to Tokyo's core inflation rate of 3.6% and the global trend of rising rents, but it signifies that the inflation cycle is penetrating the rental market [1] - Implications for Monetary Policy - The rising rents and general price increases provide a basis for the Bank of Japan to consider further interest rate hikes [1] - Hiroshi Kawata, Chief Asian Economist at Mizuho Research & Technologies, stated that the rent increase confirms the Bank of Japan's notion of a "normalization shift," indicating a rise in base prices that could accelerate the normalization of monetary policy [1] - Monitoring Real Estate Market - The Bank of Japan has identified the real estate market as a key issue that requires close monitoring in its semi-annual financial system report [1]