Recent surveys and economic indicators have highlighted a shift in inflation expectations and actual inflation rates in Japan and the Eurozone. In Japan, the Bank of Japan's December quarterly survey revealed that the average year-over-year household inflation expectations are now at 10.0%, with the median at 8.0%. However, the proportion of Japanese households expecting price increases has decreased to 76.5% over five years, down from 80.7%, and to 79.3% year-over-year, down from 86.8%. Meanwhile, Japan's nationwide consumer inflation rate has slightly decelerated to 2.6%, aligning with forecasts and down from the previous 2.8%. This deceleration gives the Bank of Japan a reason to maintain its negative rate policy beyond the upcoming board meeting. In the Eurozone, the Consumer Price Index (CPI) remained steady with a year-over-year final actual of 2.9%, consistent with both forecasts and previous figures. The Eurozone's current account balance for November 2023 showed a non-seasonally adjusted actual of €31.70 billion, up from the previous €30.05 billion, and a seasonally adjusted actual of €24.6 billion, down from the revised previous of €32.3 billion.
Japan’s consumer inflation decelerated in line with expectations in December, providing the BOJ with another reason to wait beyond next week’s board meeting before ending its negative rate policy https://t.co/oCpSz9Ma8C
Japan’s consumer inflation decelerated in line with expectations in December, providing the BOJ with another reason to wait beyond next week’s board meeting before ending its negative rate policy https://t.co/n9iInceLRl
🔴 ⚠️ BREAKING: JAPANESE CPI OVERALL NATIONWIDE ACTUAL 2.6% (FORECAST 2.5%, PREVIOUS 2.8%) $MACRO
🔴 EUROZONE CURRENT ACCOUNT BALANCE NOVEMBER 2023 REPORT https://t.co/wGeXfs48hG
Eurozone ECB Current Account SA Nov: €24.6B (prevR €32.3B)
🔴 EUROZONE CURRENT ACCOUNT NSA ACTUAL 31.70B (FORECAST -, PREVIOUS 30.05B) $MACRO
🔴 EUROZONE CURRENT ACCOUNT ACTUAL 24.611B (FORECAST -, PREVIOUS 33.809B) $MACRO
🔴 ⚠️ BREAKING: EUROZONE CPI YOY FINAL ACTUAL 2.9% (FORECAST 2.9%, PREVIOUS 2.9%) $MACRO
🔴 BOJ SURVEY: 76.5% OF JAPANESE HOUSEHOLDS EXPECT PRICE INCREASE IN FIVE YEARS, DOWN FROM 80.7% IN PREVIOUS SURVEY
🔴 JAPANESE HOUSEHOLD INFLATION EXPECTATIONS: AVERAGE +10.0% YOY, MEDIAN +8.0% - BOJ SURVEY
🔴 BOJ QUARTERLY SURVEY FINDS 79.3% OF JAPANESE HOUSEHOLDS EXPECT PRICES TO RISE YY, DOWN FROM 86.8% IN PREVIOUS SURVEY: DEC