In an impressive end to the year, Japan's retail sales saw a notable increase in November 2024, reaching 2.8%. This marks a significant rise from October's growth rate of 1.6%, highlighting a robust improvement in consumer spending year-over-year. The data, updated on December 26, 2024, suggests...
The headline Tokyo Consumer Price Index (CPI) for December rose 3.0% YoY as compared to 2.6% in the previous month, the Statistics Bureau of Japan showed on Friday.
...2.9%, prior 2.6%
Core (excluding fresh food) +2.4%
expected 2.5%, prior 2.2%
Core-core (excluding food and energy) 2.4% y/y
prior 2.2%
***
I'd think this will keep the Bank of Japan on track for a January interest rate hike.
Ueda spoke earlier this week:
BOJ governor Ueda: We...
Jobless rate steady at 2.5%
expected 2.5%, prior 2.5%
Job to applicant ratio steady also at 1.25%
expectedd 1.25, prior 1.25%
Nothing to see here ...
Inflation data out at the same time:
Tokyo area December inflation data: Headline 3.0% y/y (expected 2.9%)
Still to come, the BoJ...
Japan Industrial Production for November 2024, preliminary reading
% m/m
expected -3.4%, prior 2.8%
% y/y
prior 1.4%
**
Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines.
This article was written by...
At 01:50 (GMT+2), Japan will release its November industrial production data, which measures the amount of manufactured goods and utilities produced in the country, considering the manufacturing, mining, and power industries. It may fall from 2.8% to –3.4%, putting pressure on the yen. Read more
At 01:50 (GMT+2), Japan will release its November retail sales data. The indicator records the volume of goods retail enterprises sold, based on samples of stores of different types and sizes. It is an important indicator of consumer spending, which has a significant impact on gross domestic...
By : Matt Simpson , Market Analyst
The RBA, Fed and converging rate differentials
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