Japan Inflation


Japan: Core prices fall slightly in February

March 25, 2011

In February, the core consumer price index, which excludes volatile fresh food prices, fell 0.1% over the previous month. The figure, which came in above January's 0.4% drop, matched market expectations. Nevertheless, annual core inflation reversed the upward trend seen over the previous months, stepping down from minus 0.2% in January to minus 0.3% in February. The overall consumer price index also dropped 0.1% over the previous month (January: -0.2% mom). The driver behind the drop was mainly lower food prices, in particular fresh food (-0.9% mom), which were totally offset by increases in fuel (+3.5% mom) and private transportation (+0.4% mom). Annual inflation remained flat since December, reflecting anemic private consumption, which compensates for the impact of rising commodities prices. Analysts expect that inflation may inch up in March as the devastating earthquake and subsequent tsunami resulted in power shortages and disrupted distribution networks. The Bank of Japan (BoJ) expects the year-on-year rate of change to become slightly positive in the near future.


Sample Report

Looking for forecasts related to Inflation in Japan? Download a sample report now.


Japan Economic News

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form