Inflation in Japan
Japan - Inflation
Core inflation rises to two-year high in April
In April, the core consumer price index in Japan was flat from the previous month in seasonally-adjusted terms, matching the result in the previous two months. April’s reading reflected that higher prices for goods were offset by a decline in prices for semi-durable goods.
Core inflation rose from March’s 0.2% to 0.3% in April. The print undershot the 0.4% that market analysts had expected and represented the highest rate since April 2015. Overall inflation came in at 0.4% in April, above March’s 0.2%.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—rose 0.1% in May from the same month last year (April: -0.1% year-on-year).
The Bank of Japan (BoJ) expects that core inflation will be between 0.6% and 1.6% in the fiscal year ending March 2018. In the following fiscal year, the BoJ sees inflation between 0.8% and 1.9%. FocusEconomics Consensus Forecast panelists expect inflation of 0.7% in calendar year 2017, which is unchanged from last month’s estimate. In 2018, the panel sees inflation at Error! Not a valid link.%.
Japan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.3||-0.1||0.4||2.8||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation Chart
Source: Statistics Bureau of Japan and FocusEconomics calculations.
|Bond Yield||0.05||4.26 %||May 24|
|Exchange Rate||111.5||-0.25 %||May 24|
|Stock Market||19,743||0.66 %||May 24|
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May 26, 2017
In April, the core consumer price index in Japan was flat from the previous month in seasonally-adjusted terms, matching the result in the previous two months.
May 24, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) fell from April’s revised 52.7 (previously reported: 52.8) to 52.0 in May.
May 22, 2017
Nominal exports in Japan valued in yen increased 7.5% from the same month last year in April, following March’s 12.0% increase.
May 17, 2017
Although core machinery orders (a leading indicator of capital spending over a three- to six-month period) expanded for the second consecutive month in March, they weakened in Q1 compared to Q4 2016, suggesting that businesses investment likely weakened in the three months up to March.
May 16, 2017
Improving domestic demand, coupled with resilient activity in the all-important external sector, propelled growth at the outset of the year.