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27 Feb 2015
BoJ’s preferred inflation measure falls – TDS
FXStreet (Barcelona) - The TD Securities Team reviews and shares the data releases in Japan, noting that production and unemployment rate rose, while retail sales and BoJ’s preferred measure of inflation (ex-fresh food) registered a fall.
Key Quotes
“IP jumped 4% in Jan, well above expectations, taking production back to pre the sales tax hike.”
“Retail sales fell 1.3%, thanks largely to a 9% drop in fuel sales.”
“The unemployment rate rose from 3.4% to 3.6%, but the labour market remains tight by historical standards with the Job to Applicant ratio at 1.14 vs 1.15 prior.”
“Lastly headline inflation was unchanged at 2.4%/yr, but the BoJ’s preferred measure, that excludes fresh food fell from 2.5%/yr to 2.2%/yr.”
Key Quotes
“IP jumped 4% in Jan, well above expectations, taking production back to pre the sales tax hike.”
“Retail sales fell 1.3%, thanks largely to a 9% drop in fuel sales.”
“The unemployment rate rose from 3.4% to 3.6%, but the labour market remains tight by historical standards with the Job to Applicant ratio at 1.14 vs 1.15 prior.”
“Lastly headline inflation was unchanged at 2.4%/yr, but the BoJ’s preferred measure, that excludes fresh food fell from 2.5%/yr to 2.2%/yr.”