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![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 948.5K followers
Created: 2025-07-15 01:29:04 UTC

Adding to the pressure on Japanese bonds is the rebound in inflation.

Japan's CPI inflation excluding fresh food accelerated to +3.7% YoY in May, the fastest pace since January 2023.

This is EXACTLY what the Fed wants to avoid.

This is why "higher for longer" is back.

![](https://pbs.twimg.com/media/Gv3GflvWQAE23s8.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944932193169440770/c:line.svg)

**Related Topics**
[fed](/topic/fed)
[inflation](/topic/inflation)
[federal reserve](/topic/federal-reserve)

[Post Link](https://x.com/KobeissiLetter/status/1944932193169440770)