Inflation hits five-year high in Japan


Japan November core CPI: +1.2% on year versus 1.1% expected.

Japan November industrial production (M/M): +0.1 versus +0.4% expected.

Japan November industrial production (Y/Y): +5%.

Japan November retail sales (Y/Y): +4% versus +2.9% expected.

The read on inflation is the highest in more than five years. See also: Kuroda stresses need to ward off deflation

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Comments (2)
  • Doug Eberhardt
    , contributor
    Comments (4775) | Send Message
     
    Hmmm...higher inflation in Japan? Highest in 5 years?

     

    I wrote this article 3 1/2 years ago, and it seems to be coming to fruition now (forgive the missing charts issue as I am working on my website and charts and graphs are currently down).

     

    Is the U.S. Following in Japan’s Deflationary Footsteps?

     

    http://bit.ly/1c8Puw7

     

    Yen breaking down versus dollar. Prime Minister Abe Shinzo received full blessing from G20 to do so. Japan has no other choice as they lead the civilized world in Debt to GDP ratio.

     

    In the last 6 months, gold is down 1.95% priced in U.S. Dollars, but up 3.66% priced in Yen.

     

    In the last 5 years, gold is up 37.54% priced in U.S. Dollars, but up 59.03% priced in Yen.

     

    Sign of what's to come for the U.S. Dollar price of gold?

     

    I'm actually Dollar bullish and gold negative for the short term, although I do expect a jump up in the price of gold in January as the hedge funds, mutual funds and professional traders buy back the gold they sold in 2013 to take advantage of writing off losses 100% versus income.

     

    Why Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon http://bit.ly/Jhqkku
    26 Dec 2013, 11:04 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (10651) | Send Message
     
    Some thoughts on the Yen: http://seekingalpha.co...
    27 Dec 2013, 06:33 AM Reply Like
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