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

|By:, SA News Editor

"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