Japan's inflation remains subdued, slight uptick in Tokyo CPI
Japanese inflation numbers came a touch higher than expected in Tokyo, while nationwide, the price levels continued to remain stagnant, with no improvements observed. The latest inflation readings come after the BOJ was forced to push further back the timing to achieve its 2% inflation target at its last meeting, which as reflected by today's numbers, remains a tall order.
Headlines
JPY Tokyo CPI ex Fresh Food (YoY) (Jun) at 0.2% vs 0.1% exp and 0.0% last
JPY Tokyo Consumer Price Index (YoY) (Jun) at 0.1% vs 0.1% exp and 0.0% last
JPY Tokyo CPI ex Food, Energy (YoY) (Jun) at 0% vs -0.1% exp and -0.2%
JPY National Consumer Price Index (YoY) (Jun) at 0.4% vs 0.4% exp and 0.4%
JPY National CPI Ex-Fresh Food (YoY) (Jun) at 0.4% vs 0.4% exp and 0.4%
JPY National CPI Ex Food, Energy (YoY) (Jun) at 0% vs -0.1% exp and 0.0%
JPY Jobs/applicants ratio (Jun) at 0% vs 1.50 exp and 1.49
Unemployment Rate (Jun) at 2.8% vs 3.0% exp and 3.1% last
JPY Overall Household Spending (YoY) (Jun) at 2.3% vs 0.6% exp and -0.1% last
Author
Ivan Delgado
Independent Analyst
Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.
