Japan's National Consumer Price Index (CPI) rose on an annualized basis, with headline CPI inflation climbing 2.8% YoY versus the previous print of 2.5%.
Japan 's National Consumer Price Index rose on an annualized basis, with headline CPI inflation climbing 2.8% YoY versus the previous print of 2.5%. Core CPI inflation, or headline CPI inflation less volatile food prices, rose less than median market estimates, climbed 2.5% versus the previous 2.2% compared to the market forecast of 2.6%. Core-core Japan ese CPI , or CPI inflation less both food and energy prices, eased back to 2.1% from the previous 2.4%.
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
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