forex_managed_account_1

Japan: Inflation strengthens case for further BOJ easing

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Bali) - Japanese inflation remains depressed, as shown in today's boat-load of CPI data, making the case for further easing more compelling, should the Bank of Japan remain credible and committed to its 2% mandate.

    Today's data shows national CPI y/y for December at 0.2% vs expected 0.2% and prior 0.3%, national CPI y/y excluding Fresh Food for December stood at 0.1% vs expected 0.1% and prior 0.1%, while national CPI excluding Food, Energy y/y for December came at 0.8% vs expected 0.9% and prior 0.9%.

    As per Tokyo CPIs, the y/y for January came at -0.3% vs expected 0.0% and prior 0.1%, Tokyo CPI excluding Fresh Food y/y for January stood at -0.1% vs expected 0.1% and prior 0.1%, while Tokyo CPI excluding Food, Energy y/y for January was 0.4%, expected 0.6% and prior 0.6%.

    If the data was not bad enough, overall household spending y/y for December came at -4.4% vs expected -2.5% and prior -2.9%, making it even more difficult to get to the 2% inflation objective as consumer remain cautious on their spending, resulting in an ability to push up price pressures.
    For more information, read our latest forex news.
     

Share This Page

free forex signals