Producer Prices in Japan
Japan - Producer Prices
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 - Producer Prices Data
|Inflation (PPI, annual variation in %)||1.2||3.2||-2.3||-3.5||2.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.11||-4.41 %||Jun 13|
|Exchange Rate||108.4||-0.35 %||Jun 13|
|Stock Market||21,032||0.40 %||Jun 13|
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June 12, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the third consecutive increase in April, suggesting that capital expenditure was normalizing before the new escalation in the trade war between China and the United States took place in late April.
June 10, 2019
Although comprehensive data for the first quarter corroborated that the economy expanded for the second consecutive quarter, it also confirmed that the print was mostly led by a sharp drop in imports.
May 31, 2019
Consumer sentiment declined from 40.4 in April to 39.4 in May.
May 31, 2019
Industrial production rose 0.6% on a month-on-month and seasonally-adjusted basis in April, contrasting March’s 0.6% decrease (previously reported: -0.9% month-on-month).
May 24, 2019
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.