Japan's inflation data for January showed a mixed picture, with the Consumer Price Index (CPI) rising more than expected, fueling speculation about the Bank of Japan's (BOJ) next moves. The corporate service prices rose by 2.1% year-over-year, according to the BOJ. Meanwhile, the overall CPI increased by 2.2% year-over-year, surpassing expectations of 1.9% and slightly below the previous 2.6%. The core CPI, excluding food and energy, was up 3.5%, hotter than the expected 3.3% and down from 3.7% previously. This data has led to increased speculation that the BOJ might consider rate hikes, as inflation remains above the BOJ's target of 2%, despite slowing for the third consecutive month. The 2.0% gain in Japan's core CPI aligns with the BOJ's target, with Governor Kazuo Ueda indicating a cautious approach to rate adjustments, seeking sustained price rises before any action.
WATCH: At 2%, the gain in Japan's core consumer prices index is in line with the Bank of Japan’s target. Governor Kazuo Ueda said he wants to see signs of sustained price rises before moving on rates as the inflation slowed for a third straight month https://t.co/U73xgwuMay https://t.co/oNY7cXBkw5
At 2%, the gain in Japan's core consumer prices index is in line with the Bank of Japan’s target. Governor Kazuo Ueda said he wants to see signs of sustained price rises before moving on rates as the inflation slowed for a third straight month https://t.co/jEQoWMAz2N https://t.co/U18FV2Ks8U
WATCH: The 2.0% gain in Japan's CPI was slower than the 2.3% increase in December, internal affairs and communications ministry data showed, underscoring views waning cost-push inflation from commodity imports could ease the pain of higher living costs https://t.co/U73xgwuel0 https://t.co/1yj48uXZdk
The 2.0% gain in Japan's CPI was slower than the 2.3% increase in December, internal affairs and communications ministry data showed, underscoring views waning cost-push inflation from commodity imports could ease the pain of higher living costs https://t.co/jEQoWMA1df https://t.co/QGykrTbQYN
⚠️ USD/JPY Cautious as Japanese Inflation Comes in Hotter than Expected https://t.co/vlZj5qrttr 66% of retail CFD accounts lose money.
WATCH: Rate hikes could, finally, be on the way in Japan. That's after figures showed inflation falling less than expected https://t.co/U73xgwuel0 https://t.co/OmOe5alKnu
Rate hikes could, finally, be on the way in Japan. That's after figures showed inflation falling less than expected https://t.co/jEQoWMA1df https://t.co/Ku9zKNDZHg
NEW: Japan inflation falls to BoJ target of 2% https://t.co/TuL8qb16nM
Japan's inflation beats forecasts, end of negative rates in sight - Reuters https://t.co/hbzyHcdSMp
#Japan's #inflation numbers dropped less than expected. Yet inflation continues to come down, leaving less room for the Bank of Japan to cut rates. The odds have risen that the Bank of Japan will end the global tightening cycle with a zero or below-zero central bank rate. But I'm… https://t.co/MRM25o910q https://t.co/kXJAbgAPP1
Japan's January inflation surges, fueling speculation of BOJ rate hike https://t.co/z2O2vYk8gW https://t.co/VvQ8mIww2x
Japan’s Inflation Beats Forecasts, End of Negative Rates in Sight https://t.co/3kh8PvgJwK
Japan's inflation beats forecasts, end of negative rates still in sight https://t.co/kddBBWoziN https://t.co/jtyK7WLhBp
Japan CPI a bit hotter than expectations at 2.2% y/y vs est of 1.9%, vs 2.6% prior -CPI-ex food and energy +3.5% vs est 3.3% (hotter than exp), vs 3.7% prior
⚠️ JAPAN JANUARY CORPORATE SERVICE PRICES RISE 2.1% YR/YR, BOJ SAYS Full Story → https://t.co/QFzYSeiGJb https://t.co/gQM0Oy9Gj5