Inflation in Japan
Japan - Inflation
Core consumer prices continue to fall in September
Core consumer prices—which exclude fresh food—rose 0.10% from the previous month in September, swinging from August's 0.39% drop. September’s reading was driven by higher clothing prices.
Core consumer prices decreased 0.3% year-on-year in September, a more moderate drop compared to August’s 0.4% fall. Meanwhile, the trend pointed up mildly, with the annual average variation of core consumer prices coming in at minus 0.3% in September (August: -0.4%). Lastly, consumer prices were unchanged over the same month last year, after rising 0.2% in the previous month.
FocusEconomics panelists project consumer prices to remain unchanged on average in 2020, which is up 0.1 percentage points from last month’s forecast. In 2021, our panelists project consumer prices to rise 0.2%, which is unchanged from last month.
Japan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||-0.1||0.5||1.0||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation Chart
Source: Statistics Bureau of Japan and FocusEconomics calculations.
|Bond Yield||-0.02||-4.41 %||Dec 30|
|Exchange Rate||108.7||-0.35 %||Jan 01|
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October 23, 2020
The Jibun Bank Composite Purchasing Managers’ Index (PMI)—which combines the PMIs of the services and manufacturing sectors—rose to 46.7 in October according to a flash reading, up from September’s final figure of 46.6.
October 23, 2020
Core consumer prices—which exclude fresh food—rose 0.10% from the previous month in September, swinging from August's 0.39% drop.
October 20, 2020
Yen-denominated merchandise exports fell 4.9% in annual terms in September, on the heels of August’s 14.8% plunge.
October 12, 2020
Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—grew 0.2% month-on-month in seasonally-adjusted terms in August, which was a marked deterioration from July's 6.3% increase.
October 2, 2020
Consumer confidence rose to 32.7 in September from August's 29.3, marking the strongest reading since February.