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Aug 29, 2014
Japanese inflation steady, household spending plummets
FXStreet (Bali) - Japanese inflation data came very much in line with market expectations, although on the downside, household spending weakened below what was expected, while the jobless rate also worsened margianlly, ticking up to 3.8% vs 3.7% exp.
Key headlines
Tokyo CPI ex Fresh Food (YoY) fell from previous 2.8% to 2.7% in July
Tokyo Consumer Price Index (YoY): 2.8% (July)
Tokyo CPI ex Food, Energy (YoY): 2.1% (July)
National CPI Ex Food, Energy (YoY) remains at 2.3% in July
National CPI (YoY) fell from previous 3.6% to 3.4% in July
National CPI Ex-Fresh Food (YoY) in line with expectations (3.3%) in July
Overall Household Spending (YoY) registered at -5.9%, below expectations (-3%) in July
Unemployment Rate came in at 3.8%, above forecasts (3.7%) in July
Jobs/applicants ratio meets forecasts (1.1) in July
Key headlines
Tokyo CPI ex Fresh Food (YoY) fell from previous 2.8% to 2.7% in July
Tokyo Consumer Price Index (YoY): 2.8% (July)
Tokyo CPI ex Food, Energy (YoY): 2.1% (July)
National CPI Ex Food, Energy (YoY) remains at 2.3% in July
National CPI (YoY) fell from previous 3.6% to 3.4% in July
National CPI Ex-Fresh Food (YoY) in line with expectations (3.3%) in July
Overall Household Spending (YoY) registered at -5.9%, below expectations (-3%) in July
Unemployment Rate came in at 3.8%, above forecasts (3.7%) in July
Jobs/applicants ratio meets forecasts (1.1) in July