Producer Prices in Japan
Japan - Producer Prices
Core inflation inches down in February
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in February, matching January’s result.
Core inflation inched down from January’s 0.8% to 0.7% in February. The reading was a notch below the 0.8% that market analysts had expected. Nevertheless, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation stabilized at January’s 0.2% in February.
Core inflation in the Ku-area of Tokyo rose from January’s 1.1% to 1.2% in February. Data for March will be released on 29 March.
Japan Inflation Forecast
The median inflation forecast among BoJ members is 1.9% for FY 2019 and 2.0% for FY 2020, including the effects of the consumption tax hike. FocusEconomics Consensus Forecast panelists expect inflation of 1.0% in calendar year 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 1.5%.
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||-0.04||-4.41 %||Mar 20|
|Exchange Rate||110.7||-0.35 %||Mar 20|
|Stock Market||21,609||0.40 %||Mar 20|
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March 22, 2019
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in February, matching January’s result. Core inflation inched down from January’s 0.8% to 0.7% in February.
March 22, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) was unchanged at February’s 48.9% (previously reported: 48.5) in March, the lowest level since July 2016.
March 15, 2019
At its 14–15 March meeting, Bank of Japan (BoJ) board members decided in a seven-to-two vote to keep its monetary policy unchanged, in line with market analysts’ expectations.
March 14, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the third monthly decline in a row, suggesting that capital expenditure will remain subdued in the coming months.
March 8, 2019
Comprehensive data for the fourth quarter corroborated that the economy returned to growth after a barrage of natural disasters hit the country in the third quarter.