Inflation in Japan
Japan - Inflation (end of period)
Core inflation stabilizes in March
In March, Japan's core consumer price index was flat from the previous month, matching February’s result. The print mainly reflected that lower prices for furniture and household utensils and food were offset by higher prices for clothes and footwear, culture and recreation and fuel, light and water charges.
Core inflation rose was stable at last month’s 0.2% in March. The print matched market analysts’ expectations. Overall inflation came in at 0.2% in March, below February’s 0.4%.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—fell 0.1% in April from the same month last year (March: -0.4% 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 0.9%.
Japan - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||-0.2||-0.2||1.7||2.4||0.1|
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||0.04||22.86 %||May 10|
|Exchange Rate||114.3||0.26 %||May 10|
|Stock Market||19,900||0.29 %||May 10|
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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 8, 2017
Japanese consumer sentiment declined from 43.9 in March to 43.2 in April.
April 28, 2017
In March, Japan's core consumer price index was flat from the previous month, matching February’s result.
April 28, 2017
Industrial production in Japan fell 2.1% in March compared to the previous month in seasonally-adjusted terms, contrasting February’s eight-month high of a 3.3% increase.