Inflation in Japan

Japan Inflation (eop) | Economic News & Forecasts

Japan - Inflation (end of period)

Core inflation hits over two-year high in July

In July, the core consumer price index was flat from the previous month in seasonally-adjusted terms, matching the result in the previous five months.

Core inflation rose from June’s 0.4% to 0.5% in July. The print was in line with what market analysts had expected and represented the highest rate since April 2015. Overall inflation came in at 0.4% in July, matching June’s result.

Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—rose 0.4% on an annual basis in August, up from July’s 0.1% rise.

The Bank of Japan (BoJ) expects that core inflation will be between 0.6% and 1.6% in the fiscal year ending March 2018. In the following fiscal year, the BoJ sees inflation between 0.8% and 1.9%. FocusEconomics Consensus Forecast panelists expect inflation of 0.6% in calendar year 2017, which is unchanged from last month’s estimate. In 2018, the panel sees inflation at 0.8%.

Japan - Inflation (eop) Data

2012  2013  2014  2015  2016  
Inflation Rate (CPI, annual variation in %, eop)-0.2  1.7  2.4  0.1  0.3  

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Japan Inflation (eop) Chart


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

Japan Facts

ValueChangeDate
Bond Yield0.06-3.08 %Oct 16
Exchange Rate112.20.30 %Oct 16
Stock Market21,2560.47 %Oct 16

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