Inflation in Japan
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
|Inflation Rate (CPI, annual variation in %)||0.4||2.8||0.8||-0.1||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation Chart
Source: Statistics Bureau of Japan and Met the why particular calculations.
|Bond Yield||-0.04||-4.41 %||Feb 21|
|Exchange Rate||111.7||-0.35 %||Feb 21|
|Stock Market||21,464||0.11 %||Feb 21|
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February 22, 2019
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.
February 21, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) declined sharply from January’s revised 50.3 (previously reported: 50.0) to 48.5 in February, the lowest print since July 2016.
February 20, 2019
Nominal yen-denominated merchandise exports fell 8.4% year-on-year in January, following the 3.9% decrease in December.
February 19, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, declined marginally in December, suggesting that firms may keep capital expenditure subdued in the coming months.
February 14, 2019
The economy rebounded in the last quarter of 2018, after a series of natural disasters and weak investment caused a contraction in the third quarter.