ECONOMICS:JPIRYY (March/2024)
The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus.
There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...
A brand-new cycle for the Japanese economy is in the making with a higher inflation to come and a weaker yen.
When the Bank of Japan hiked interest rates for the first time in 17 years, the Japanese Yen instead of strengthening, it crashed.
Micro Japanese Yen Futures
Ticker: MJY
Minimum fluctuation:
0.000001 per JPY increment = $1.25
Japanese Yen Futures &...
ECONOMICS:JPIRYY Japan Inflation Rate Lowest in A Year
The annual inflation rate in Japan fell to 3.0% in September 2023 from 3.2% in August, pointing to the lowest reading since September 2022.
Meantime, core inflation rate dropped to a 13-month low of 2.8%,
slightly above market consensus of 2.7% while staying outside the Bank of Japan's 2% target for the...
This week financial markets were dominated by central banks policy decisions. While the Federal Reserve (Fed) and Bank of England (BOE) kept rates on hold, the policy board of the Bank of Japan (BOJ) decided to further increase the flexibility in its yield curve control policy.
The BOJ previously set a strict cap of 1.0% for the 10-year Japanese Government Bond...
