In June, the core consumer price index, which excludes volatile fresh food prices, fell 0.3% in seasonally adjusted terms over the previous month. The decline followed May's 0.2% drop and marked the steepest fall since July 2010. According to the statistics bureau, lower prices were seen almost across the board, particularly in the transportation and communication as well as in the culture and recreation categories. As a result, core consumer prices declined 0.2% in June over the same month last year, which was below both the 0.1% drop seen in May and market expectations that had inflation remaining flat. Meanwhile, overall consumer prices fell 0.1% in June over the same month last year, contrasting the 0.2% rise recorded in May. The core consumer price index for Tokyo, which is available one month before the national figures and thus is a leading indicator for countrywide inflation, fell 0.6% in July over the same month last year. The print mirrored the previous month's result and matched market expectations. According to the median of the Central Bank Policy Board members forecast, core inflation will average 0.2% in the 2012 fiscal year ending in March 2013. In FY 2013/14, the Bank of Japan sees core inflation at 0.7%.
Core consumer prices continue to fall in June
July 27, 2012
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Japan Economic News
October 24, 2016
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from September’s revised 50.4 (previously reported: 50.3) to 51.7 in October.
October 24, 2016
In September, nominal exports valued in yen declined 6.9% from the same month last year, which followed August’s 9.6% decline.
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Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
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Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.