Inflation in Japan

Japan Inflation | Economic News & Forecasts

Japan - Inflation

Core inflation ticks down again in June

The core consumer price index fell 0.1% in month-on-month seasonally-adjusted terms in June, matching May’s reading.

Core inflation declined from 0.8% in May to 0.6% in June. The reading was in line with market analysts’ expectations. Therefore, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Meanwhile, overall inflation was stable at May’s 0.7% in June

Core inflation in the Ku-area of Tokyo fell from 1.1% in May to 0.9% in June. Data for July will be released on 27 July.

The median inflation forecast among BoJ members is 1.1% for FY 2019 and 1.5% for FY 2020, including the effects of the consumption tax hike. FocusEconomics Consensus Forecast panelists expect inflation of 0.8% in calendar year 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 1.1%.

Japan - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)0.4  2.8  0.8  -0.1  0.5  

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Japan Inflation Chart

Japan Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Bureau of Japan and FocusEconomics calculations.

Japan Facts

Bond Yield-0.16-4.41 %Jul 31
Exchange Rate108.8-0.35 %Jul 31
Stock Market21,5220.40 %Jul 31

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