Japan JPY

Japan Inflation Rate YoY

Impact:
High

Latest Release:

Date:
Actual:
2.9%
Forecast: 2.9%
Previous/Revision:
3%
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The Japan Inflation Rate YoY measures the percentage change in the consumer price index (CPI) over a year, reflecting changes in the price level of a basket of consumer goods and services purchased by households. Its primary focus is on inflationary trends, assessing components such as consumer spending, cost of living, and overall economic price stability.
Frequency
This indicator is released monthly, providing timely data based on preliminary estimates, with final figures typically published about a month later, usually around the end of the month.
Why Do Traders Care?
Traders closely monitor the Japan Inflation Rate YoY as it directly influences monetary policy decisions by the Bank of Japan, which affects interest rates and economic growth prospects. Higher-than-expected inflation readings can strengthen the Japanese yen and boost confidence in Japanese equities, whereas lower readings may have a depreciating effect on the currency and stock market.
What Is It Derived From?
The Japan Inflation Rate YoY is derived from a comprehensive survey that collects price data across a wide array of consumer goods and services. The CPI is calculated using a weighted index that reflects the relative importance of different items in household consumption patterns, allowing for a necessary representation of consumer price changes.
Description
This event reports the Year-over-Year (YoY) change, comparing prices to the same month from the previous year to allow for seasonality adjustments and demonstrate longer-term trends in inflation. YoY is preferred for measuring inflation because it captures sustained price changes rather than short-term volatility, thus providing a clearer view of economic health and spending power over time.
Additional Notes
The Japan Inflation Rate acts as a key indicator of economic activity and is often seen as a lagging measure, reflecting past economic conditions rather than predicting future trends. It is commonly compared with other economic indicators, such as GDP growth and wage inflation, to assess overall economic performance.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for JPY, Bullish for Stocks. Lower than expected: Bearish for JPY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.9%
2.9%
3%
3%
3.1%
2.9%
-0.1%
2.9%
2.9%
2.7%
2.7%
2.8%
3.1%
-0.1%
3.1%
3.3%
3.3%
-0.2%
3.3%
3.3%
3.5%
3.5%
3.6%
3.6%
-0.1%
3.6%
3.7%
3.6%
-0.1%
3.6%
3.7%
3.7%
-0.1%
3.7%
4.2%
4%
-0.5%
4%
3.7%
3.6%
0.3%
3.6%
3.2%
2.9%
0.4%
2.9%
2.5%
2.3%
0.4%
2.3%
2.2%
2.5%
0.1%
2.5%
2.7%
3%
-0.2%
3%
3%
2.8%
2.8%
2.9%
2.8%
-0.1%
2.8%
2.8%
2.8%
2.8%
2.5%
2.5%
0.3%
2.5%
2.3%
2.7%
0.2%
2.7%
2.7%
2.8%
2.8%
3%
2.2%
-0.2%
2.2%
2.1%
2.6%
0.1%
2.6%
2.6%
2.8%
2.8%
2.6%
3.3%
0.2%
3.3%
3.2%
3%
0.1%
3%
3.1%
3.2%
-0.1%
3.2%
3.3%
3.3%
-0.1%
3.3%
2.5%
3.3%
0.8%
3.3%
3.5%
3.2%
-0.2%
3.2%
4.1%
3.5%
-0.9%
3.5%
2.5%
3.2%
1%
3.2%
3.2%
3.3%
3.3%
3.3%
4.3%
4.3%
4.2%
4%
0.1%
4%
4%
3.8%
3.8%
3.9%
3.7%
-0.1%
3.7%
3.2%
3%
0.5%
3%
3.2%
3%
-0.2%
3%
2.6%
2.6%
0.4%
2.6%
2.2%
2.4%
0.4%
2.4%
2.6%
2.5%
-0.2%
2.5%
2.3%
2.5%
0.2%
2.5%
1.5%
1.2%
1%
1.2%
1.1%
0.9%
0.1%
0.9%
0.7%
0.5%
0.2%
0.5%
0.9%
0.8%
-0.4%
0.8%
0.7%
0.6%
0.1%
0.6%
0.4%
0.1%
0.2%
0.1%
0.1%
0.2%
0.2%
-0.3%
-0.4%
0.5%
-0.4%
-0.1%
-0.3%
-0.3%
-0.3%
-0.1%
-0.5%
-0.2%
0.2%
0%
-0.1%
0.2%
-0.1%
-0.3%
-0.4%
0.2%
-0.4%
0.1%
-0.2%
-0.5%
-0.2%
-0.1%
-0.4%
-0.1%
-0.4%
-0.4%
-0.6%
-0.6%
-1%
-1.2%
0.4%
-1.2%
-1%
-0.9%
-0.2%
-0.9%
-0.5%
-0.4%
-0.4%
-0.4%
-0.3%
0%
-0.1%
0%
0.1%
0.2%
-0.1%
0.2%
0.1%
0.3%
0.1%
0.3%
0.1%
0.1%
0.2%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.2%
0.4%
-0.1%
0.4%
0.2%
0.4%
0.2%
0.4%
0.8%
0.7%
-0.4%
0.7%
0.7%
0.8%
0.8%
0.4%
0.5%
0.4%
0.5%
0.2%
0.2%
0.3%
0.2%
0.3%
0.2%
-0.1%
0.2%
0.4%
0.3%
-0.2%
0.3%
0.6%
0.5%
-0.3%
0.5%
0.5%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.9%
0.9%
0.9%
0.5%
0.5%
0.5%
0.2%
0.2%
0.3%
0.2%
-0.1%
0.2%
0.2%
0.3%
0.3%
0.3%
0.8%
0.8%
0.8%
1.4%
1.4%
1.4%
1.2%
1.2%
1.1%
1.3%
0.1%
1.3%
1.1%
0.9%
0.2%
0.9%
0.4%
0.7%
0.5%
0.7%
0.8%
0.7%
-0.1%
0.7%
0.3%
0.6%
0.4%
0.6%
0.7%
1.1%
-0.1%
1.1%
1.1%
1.5%
1.5%
1.7%
1.4%
-0.2%
1.4%
1.3%
1%
0.1%
1%
1.1%
0.6%
-0.1%
0.6%
0.5%
0.2%
0.1%
0.2%
0.2%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0.5%
0.4%
-0.1%
0.4%
0.4%
0.2%
0.2%
0.3%
0.3%
-0.1%
0.3%
0.3%
0.4%
0.4%
0.4%
0.3%
0.3%
0.2%
0.5%
0.1%
0.5%
0.1%
0.1%
0.4%
0.1%
-0.4%
-0.5%
0.5%
-0.5%
-0.5%
-0.5%
-0.5%
-0.5%
-0.4%
-0.4%
-0.5%
-0.4%
0.1%
-0.4%
-0.4%
-0.4%
-0.4%
-0.1%
-0.3%
-0.3%
-0.3%
-0.3%
-0.1%
-0.1%
0%
0.3%
-0.1%
0.3%
0%
0%
0.3%
0%
0%
0.2%
0.2%
0.2%
0.3%
0.3%
0.3%
0.3%
0.3%
0%
0%
0.3%
0%
0.1%
0.2%
-0.1%
0.2%
-0.1%
0.2%
0.3%
0.2%
0.2%
0.4%
0.4%
0.3%
0.5%
0.1%
0.5%
0.5%
0.6%
0.6%
0.51%
2.3%
0.09%
2.3%
2.3%
2.2%
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