empty
 
 

2017.04.2802:23:00UTC+00Series of Japan Data Points to Sluggish Economic Growth, Weak Inflation

A series of economic data released a day after the Bank of Japan's monetary policy meeting indicated that the subdued recovery of Japan's economy is still on track for a fifth consecutive quarter, despite inflation being stubbornly below the central bank's target.

Japan's core consumer prices rose by 0.2 percent year-on-year in March, in line with estimates. Overall CPI advanced 0.2 percent from a year-prior period, marginally missing estimates of 0.3 percent.

Meanwhile, jobless rate for the period came in at 2.8 percent compared to projections of 2.9 percent. Japan's job-to-applicant ratio stood at 1.45, above estimates of 1.43.

The country's retail sector saw its sales increase by 2.1 percent on-year in March, beating estimates of 1.5 percent annual growth. On a monthly basis, retail sales advanced 0.2 percent.

However, industrial output contracted by 2.1 percent month-on-month, a steeper decline than the expected 0.8 percent drop. Domestic consumption also continued to show weakness, with household spending falling 1.3 percent, significantly steeper than the anticipated fall of 0.5 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback