In May, the core consumer price index, which excludes volatile fresh food prices, remained unchanged over the previous month, down from the 0.2% increase recorded in April. As a result, annual core inflation also remained unchanged at 0.6% in May, which was spurred on in part due to higher commodity prices. The May figure came in slightly above market expectations of a 0.5% rise. Meanwhile, the so-called core core inflation, which also excludes energy prices, inched up from a flat reading in April to a 0.1% rise in May. Meanwhile, annual overall inflation increased 0.3% in May over the same month last year, which was slightly above market expectations of a 0.2% rise and remained unchanged from the previous month's figure.
Japan: Consumer prices remain positive in May
July 1, 2011
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Japan Economic News
March 24, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) fell from February’s revised 53.3 (previously reported: 53.5) to 52.6 in March.
March 22, 2017
Japanese nominal exports valued in yen increased 11.3% from the same month last year in February, following January’s 1.3% increase.
March 16, 2017
The Bank of Japan (BoJ) maintained its monetary policy stance at its 15–16 March meeting, voting to continue with its Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control program as long as is necessary to achieve and maintain its 2.0% inflation target.
March 13, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) fell in January, casting doubts about the sustainability of the Japanese recovery.
March 8, 2017
The Japanese economy grew at a faster rate than previously reported in Q4 as private consumption managed to grow mildly and investment recorded a healthy expansion, according to revised data released on 8 March.