Inflation in Japan
Japan - Inflation (end of period)
Core inflation inches up in May
In May, the core consumer price index was flat from the previous month in seasonally-adjusted terms, matching the result in the previous three months. May’s reading mainly reflected that higher prices for fuel, light and water charges were offset by lower prices for food and furniture and household utensils.
Core inflation rose from April’s 0.3% to 0.4% in May. The print was in line with what market analysts had expected and represented the highest rate since April 2015. Overall inflation came in at 0.4% in May, matching April’s result.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—were flat on an annual basis, down from May’s 0.1% rise.
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 0.6% in calendar year 2017, which is unchanged from last month’s estimate. In 2018, the panel sees inflation at 0.8%.
Japan - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||-0.2||1.7||2.4||0.1||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation (eop) Chart
Source: Statistics Bureau of Japan and FocusEconomics calculations.
|Bond Yield||0.05||9.76 %||Aug 17|
|Exchange Rate||109.6||-0.57 %||Aug 17|
|Stock Market||19,703||-0.14 %||Aug 17|
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August 14, 2017
The Japanese economy expanded healthily in Q2 on the back of a strong pickup in domestic demand.
August 10, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the third consecutive month in June, casting doubts about the strength of firms’ capital spending in the months to come.
August 2, 2017
Consumer sentiment inched up from 43.3 in June to 43.8 in July.
July 31, 2017
Industrial production rose 1.6% in June compared to the previous month in seasonally-adjusted terms, contrasting May’s 3.6% decrease.
July 24, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) fell from June’s revised 52.4 (previously reported: 53.1) to 52.2 in July.