In October, the core consumer price index, which excludes volatile fresh food prices, fell 0.1% in seasonally adjusted terms over the previous month, which followed the 0.2 contraction recorded in September. Annual core inflation dived into negative territory for the first time in four months, falling from 0.2% in September to minus 0.2% in October, which was below the 0.1% drop expected by the market. Inflation was down partly because of the fading effect of the increases in tobacco taxes and casualty-insurance fees in the same month last year, helped along by lower import prices due to a strong yen. Annual overall inflation declined from a flat reading in September to minus 0.2% in October. Moreover, core consumer prices in Tokyo, which are available one month before the nationwide figures, fell 0.5% in November over the same month last year, after contracting 0.4% in October, and confirmed that prices are on a downward trend.
Inflation continues to fall in October
November 25, 2011
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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.
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.