28 Jun 2013
Japanese CPI beats expectations, falls only -0.3% in May
FXstreet.com (New York) - Market participants were greeted to a tranche of overnight data in the Japanese economy Friday that was by and large in line with expectations
In Japan, the National Consumer Price Index (YoY) came in at -0.3% in May, beating projections of -0.4%, and relative to -0.7% previously. In addition, the National CPI ex Food, Energy (YoY) yielded a figure of +0.1% in May, compared with -0.3% previously. The National CPI ex-Fresh Food (YoY) yielded 0.0% in May, in line with expectations.
The Overall Household Spending (YoY) has fallen -1.6% in May, against a consensus +1.4%. Moreover, the Japanese Unemployment Rate (May) was reported at 4.1%, missing a projection calling for 4.0%, and compared with a figure of 4.1% previously. Following this release, the USD/JPY was trading at 98.63, establishing fresh highs in these moments.
In Japan, the National Consumer Price Index (YoY) came in at -0.3% in May, beating projections of -0.4%, and relative to -0.7% previously. In addition, the National CPI ex Food, Energy (YoY) yielded a figure of +0.1% in May, compared with -0.3% previously. The National CPI ex-Fresh Food (YoY) yielded 0.0% in May, in line with expectations.
The Overall Household Spending (YoY) has fallen -1.6% in May, against a consensus +1.4%. Moreover, the Japanese Unemployment Rate (May) was reported at 4.1%, missing a projection calling for 4.0%, and compared with a figure of 4.1% previously. Following this release, the USD/JPY was trading at 98.63, establishing fresh highs in these moments.