In March, the core consumer price index, which excludes volatile fresh food prices, grew 0.1% in seasonally adjusted terms over the previous month, which was an inch below February's 0.2%. Annual core inflation rose to 0.3%, overshooting the 0.1% reading expected by the market, which would have been unchanged from February. In fact, the March print represented the highest rate since November 2008. Meanwhile, annual overall inflation stepped up to 0.5% in March, which was above the 0.3% recorded in February. Moreover, the core consumer price index in Tokyo, which is available one month before the national figures and thus is a leading indicator for countrywide inflation, fell 0.5% in April over the same month last year, which was below the minus 0.3% observed in March. According to the April forecast, the median of the Central Bank's Policy Board expects core inflation to rise to 0.3% the 2012 fiscal year ending in March 2013. In FY 2013/14, the Bank of Japan sees headline inflation at 0.7%.
Core inflation in March continues to rise
April 27, 2012
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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.