Inflation in Japan

Japan Inflation | Economic News & Forecasts

Japan - Inflation

Core inflation hits five-month high in April

The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in April, coming in above March’s flat reading.

Core inflation inched up from March’s 0.8% to 0.9% in April. The reading was in line with the result that market analysts had expected. Nevertheless, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation rose from March’s 0.5% to 0.9% in April.

Core inflation in the Ku-area of Tokyo rose from March’s 1.1% to 1.3% in April. Data for April will be released on 31 May.

Japan Inflation Forecast

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 0.9% in calendar year 2019, which is down 0.1 percentage points from last month’s estimate. In 2020, the panel sees inflation at 1.3%.

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-0.11-4.41 %Jun 13
Exchange Rate108.4-0.35 %Jun 13
Stock Market21,0320.40 %Jun 13

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