Japan consumer inflation eases in May, keeps pressure on BOJ

World News: . []

Japan's PM Abe gestures during a news conference at his official residence in TokyoBy Leika Kihara and Stanley White TOKYO (Reuters) - Japan's core consumer inflation eased slightly in May when excluding the effect of a sales tax hike, and is seen slowing in coming months as the boost from a weak yen fade, keeping the central bank under pressure to maintain its massive stimulus. Separate data showed household spending continued to pullback in May, after having been hit by an increase in the domestic sales tax on April 1, boding ill for the world's third-largest economy. The jobless rate fell to its lowest in more than a decade, while a measure of labour demand hit the highest in two decades, but it may take time for the strong labour market to lift consumer spending after the tax hike. The nationwide core consumer price index (CPI), which includes oil products but exclude volatile fresh food costs, rose 3.4 percent in the year to May, data showed on Friday, matching the median market forecast.


Read More: LINK 

Published: .

Search for other references to "japan" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us