In February, the core consumer price index, which excludes volatile fresh food prices, fell 0.1% over the previous month. The figure, which came in above January's 0.4% drop, matched market expectations. Nevertheless, annual core inflation reversed the upward trend seen over the previous months, stepping down from minus 0.2% in January to minus 0.3% in February. The overall consumer price index also dropped 0.1% over the previous month (January: -0.2% mom). The driver behind the drop was mainly lower food prices, in particular fresh food (-0.9% mom), which were totally offset by increases in fuel (+3.5% mom) and private transportation (+0.4% mom). Annual inflation remained flat since December, reflecting anemic private consumption, which compensates for the impact of rising commodities prices. Analysts expect that inflation may inch up in March as the devastating earthquake and subsequent tsunami resulted in power shortages and disrupted distribution networks. The Bank of Japan (BoJ) expects the year-on-year rate of change to become slightly positive in the near future.
Core prices fall slightly in February
March 25, 2011
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Japan Economic News
October 12, 2016
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.
October 4, 2016
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.
September 30, 2016
In August, the core consumer price index was flat compared to the previous month, which was above the 0.2% decline in July.
September 30, 2016
In August, industrial production expanded 1.5% over the previous month in seasonally-adjusted terms, which contrasted July’s 0.4% decrease (previously reported: 0.0% month-on-month).