Producer Prices in Japan
Japan - Producer Prices
Core inflation inches down in February
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in February, matching January’s result.
Core inflation inched down from January’s 0.8% to 0.7% in February. The reading was a notch below the 0.8% that market analysts had expected. Nevertheless, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation stabilized at January’s 0.2% in February.
Core inflation in the Ku-area of Tokyo rose from January’s 1.1% to 1.2% in February. Data for March will be released on 29 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 1.0% in calendar year 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 1.5%.
Japan - Producer Prices Data
|Inflation (PPI, annual variation in %)||1.2||3.2||-2.3||-3.5||2.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.01||-4.41 %||Jan 30|
|Exchange Rate||119.0||-0.35 %||Jan 30|
|Stock Market||20,557||0.11 %||Jan 30|
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April 17, 2019
Nominal yen-denominated merchandise exports fell 2.4% year-on-year in March, following the 1.2% decrease in February.
April 11, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the first increase in fourth months in February but missed market expectations, suggesting that capex will likely remain subdued in the months ahead.
April 8, 2019
Consumer sentiment declined from 41.5 in February to 11.5 in March, marking the lowest reading since February 2016.
March 29, 2019
Industrial production expanded for the first time in four months, increasing 1.4% on a month-on-month and seasonally-adjusted basis in February.
March 22, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) was unchanged at February’s 48.9% (previously reported: 48.5) in March, the lowest level since July 2016.