Inflation in Japan
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
|Inflation Rate (CPI, annual variation in %, eop)||-0.2||1.7||2.4||0.1||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation (eop) Chart
Source: Statistics Bureau of Japan and FocusEconomics calculations.
|Bond Yield||0.06||-3.08 %||Oct 16|
|Exchange Rate||112.2||0.30 %||Oct 16|
|Stock Market||21,256||0.47 %||Oct 16|
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September 21, 2017
The Bank of Japan left its monetary policy stance unchanged at its 20–21 September meeting, as expected by market analysts.
September 20, 2017
Nominal exports valued in yen increased 18.1% from the same month last year in August, following July’s 13.4% rise, overshooting the 14.7% increase that market analysts had expected.
September 11, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) rebounded in July after contracting for three consecutive months.
September 8, 2017
The economy expanded at a weaker rate than previously reported in Q2, following a downward revision in domestic demand.
September 7, 2017
Consumer sentiment edged down from 43.8 in July to 43.3 in August.