Tokyo Overall Inflation Slows To 3.4% On Year
(RTTNews) - Overall consumer prices in the Tokyo region of Japan were up 3.4 percent on year in February, the Ministry of Communications and Internal Affairs said on Friday.
That was lower than expectations for an annual gain of 4.2 percent and was down from 4.4 percent in January.
Core CPI, which excludes the volatile costs of food, was up 3.3 percent on year - in line with forecasts and down from 4.3 percent in the previous month.
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Japan Core Inflation At 19-Month High Raises Chances Of Rate Hike
Japan's core inflation accelerated to a 19-month high in January, bolstering the chances of another interest rate hike by the Bank of Japan. Core inflation that excludes fresh food rose more-than-expected to 3.2 percent from 3.0 percent in December, the Ministry of Internal Affairs and Communications said Friday. This was the fastest since June 2023 and was slightly above forecast of 3.1 percent.
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Japan Has Y2.758 Trillion Trade Deficit In January
Japan posted a merchandise trade deficit of 2.758 trillion yen in January, the Ministry of Finance said on Wednesday.
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Japan Core Machinery Orders Slip 1.2% In December
The total value of core machinery orders in Japan was down a seasonally adjusted 1.2 percent on month in December, the Cabinet Office said on Wednesday - coming in at 889.3 billion yen.
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Japan GDP Jumps 0.7% In Q4
Japan's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Monday's preliminary report.
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Japan Producer Prices Rise 0.3% In January
Producer prices in Japan were up 0.3 percent on month in January, the Bank of Japan said on Thursday.
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Japan Overall Bank Lending Climbs 3.0% On Year In January
Overall bank lending in Japan was up 3.0 percent on year in January, the Bank of Japan said on Monday - coming in at 635.707 trillion yen.
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Japan Has Y1.077 Trillion Current Account Surplus
Japan posted a current account surplus of 1.077 trillion yen in December, the Ministry of Finance said on Monday - up 17.8 percent on year.
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Japan Household Spending Jumps 2.3% In December
The average of household spending in Japan was up 2.3 percent on month in December, the Ministry of Internal Affairs and Communications said on Friday - standing at 352,633 yen.
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