Inflation in Japan
Japan - Inflation (end of period)
Core inflation falls to seven-month low in December
The core consumer price index fell 0.1% in month-on-month seasonally-adjusted terms in December, contrasting November’s flat reading.
Core inflation fell from November’s 0.9% to 0.7% in December, the lowest reading in seven months. The decline mostly reflected December’s drop in oil prices and undershot the 0.8% that market analysts had expected. Therefore, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation declined from November’s 0.8% to an over two-year low of 0.3% in December.
Core inflation in the Ku-area of Tokyo inched down from November’s 1.0% to 0.9% in December. Data for January will be released on 25 January.
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.7||2.4||0.1||0.3||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation (eop) Chart
Source: Statistics Bureau of Japan and Met the why particular calculations.
|Bond Yield||-0.01||-4.41 %||Feb 14|
|Exchange Rate||111.5||-0.35 %||Feb 14|
|Stock Market||21,111||0.11 %||Feb 14|
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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.
January 31, 2019
Industrial production declined 0.1% on a month-on-month and seasonally-adjusted basis in December, following November’s 1.0% contraction.
January 30, 2019
Consumer sentiment fell from 42.7 in December to 41.9 in January, marking the lowest reading since December 2016.
January 24, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) fell sharply from December’s revised 52.6 (previously reported: 52.4) to 50.0 in January, the lowest print since October 2016.
January 23, 2019
Nominal yen-denominated merchandise exports fell 3.8% year-on-year in December, contrasting the 0.1% increase in November.