Seeking Alpha

More on Japanese data: "Core core" CPI rises most 15 years

  • "Core core" CPI, which excludes fresh food and energy, accelerated to +0.6% on year in November from +0.3% in October. The gain in November was the largest increase since August 1998 and marked the second consecutive month of growth.
  • Overall CPI sped up to +1.5% from +1.1%.
  • Crucially for Japan's fight against deflation, total cash wages rose for the first time in five months with an increase of 0.5% on year. Regular pay was flat, the first time the metric hadn't dropped in 1 1/2 years.
  • However, may economists expect Japan's inflation to soon peak once the impact of the yen's weakness wears off.
  • Overall household spending rose 0.2% vs +0.9% in October and consensus of +1.7%.
  • Unemployment held steady at 4% but was just above forecasts of 3.9%.
  • The Nikkei ended with very slight gains, while the USD-JPY is flat at ¥104.82.(Previously)
  • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JSC, ITF, JGBL, JPP, DXJS, JPNL, JGBT, JPNS, FJP, JGBB
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Comments (3)
  • Chris DeMuth Jr.
    , contributor
    Comments (5367) | Send Message
     
    More on Japan ex-Yen (DXJ): http://seekingalpha.co...
    27 Dec 2013, 07:40 AM Reply Like
  • keentolearn
    , contributor
    Comments (131) | Send Message
     
    Now Japan needs a supportive economic growth to absorb this increased inflation and rapidly expanding monetary base.
    27 Dec 2013, 10:03 AM Reply Like
  • june1234
    , contributor
    Comments (3147) | Send Message
     
    On the positive side if you didn't eat or use any energy you didn't see much of any inflation
    27 Dec 2013, 10:55 AM Reply Like
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