Inflation in Japan
Japan - Inflation (end of period)
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.7||2.4||0.1||0.3||1.1|
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||-0.16||-4.41 %||Jul 31|
|Exchange Rate||108.8||-0.35 %||Jul 31|
|Stock Market||21,522||0.40 %||Jul 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 31, 2019
At its 30 July meeting, board members at the Bank of Japan (BoJ) decided in a seven-to-two vote to keep its monetary policy unchanged, in line with market analysts’ expectations.
July 31, 2019
Consumer sentiment declined from 38.7 in June to 37.8 in July.
July 30, 2019
Industrial production fell 3.6% on a month-on-month and seasonally-adjusted basis in June, contrasting May’s 2.0% increase and marking the sharpest fall in a year-and-a-half.
July 24, 2019
The Jibun Bank flash manufacturing Purchasing Managers’ Index (PMI) rose from June’s 49.3 (previously reported: 49.5) to 49.6 in July.
Japan: Japan-South Korea trade feud looks set to deteriorate, threatening Japanese tech firms and broader economy
July 22, 2019
Long-standing tensions between Japan and South Korea—originating from colonial-era disputes over forced labor—significantly escalated when Japan applied new restrictions on exports of key materials used in high-tech industries in Korea, effective 4 July.