Inflation in Japan

Japan Inflation | Economic News & Forecasts

Japan - Inflation

Core inflation inches up in January

The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in January, contrasting December’s 0.3% drop.

Core inflation inched up from December’s seventh-month low of 0.7% to 0.8% in January. The reading was in line with what market analysts had expected. Nevertheless, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation declined from December’s 0.3% to an over one-year low of 0.2% in January.

Core inflation in the Ku-area of Tokyo rose from December’s 0.9% to 1.1% in January. Data for February will be released on 1 March.

Japan Inflation Forecast

The median inflation forecast among BoJ members is 1.9% for FY 2019 and 2.0% for FY 2020, including the effects of the consumption tax hike. Met the why particular Consensus Forecast panelists expect inflation of 1.2% in calendar year 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 1.6%.

Japan - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)0.4  2.8  0.8  -0.1  0.5  

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Japan Inflation Chart

Japan Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Bureau of Japan and Met the why particular calculations.

Japan Facts

Bond Yield-0.04-4.41 %Feb 21
Exchange Rate111.7-0.35 %Feb 21
Stock Market21,4640.11 %Feb 21

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