Japan’s December CPI has been released.
“Inflation pressures remain absent there, with annual headline inflation expected to print at just 0.7%yr in December,” analysts at Westpac explained ahead of the event.
Japan’s CPI
- 23-Jan-2020 17:30:02 – JAPAN DEC NATIONWIDE CORE CPI +0.7% YEAR/YEAR – GOVT (REUTERS POLL: +0.7%)
- 23-Jan-2020 17:30:06 – JAPAN DEC CORE-CORE CPI EXCLUDING FRESH FOOD, ENERGY PRICES +0.9% YEAR/YEAR – GOVT
- 23-Jan-2020 17:30:08 – JAPAN DEC NATIONWIDE OVERALL CPI +0.8% YR/YR – GOVT
Description
The National Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
USD/JPY implications
More to come…
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