Japan JPY

Japan Inflation Rate MoM

Info

History

Chart

Impact:

Low

Source: Statistics Bureau of Japan

Latest Release:

Date:

Surprise:

-0.1%

Actual:

0.1%

Forecast: 0.2%

Previous/Revision:

0.3%

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The Japan Inflation Rate measures the change in prices paid by consumers for goods and services over a specific period, providing an explicit gauge of inflation's impact on the economy. It primarily focuses on consumer price levels and assesses key components such as food, transportation, and housing, essential for understanding purchasing power and economic stability.

Frequency

This indicator is released on a monthly basis, typically as a preliminary estimate in the second week of the following month.

Why Do Traders Care?

Traders pay close attention to Japan's Inflation Rate as it directly influences monetary policy decisions made by the Bank of Japan, affecting interest rates and currency value (e.g., JPY). Higher-than-expected inflation can lead to increased borrowing costs and a stronger yen, while weaker readings may suggest a dovish monetary stance, impacting stocks and market sentiment.

What Is It Derived From?

The inflation rate is derived from comprehensive data collection methods, including a survey of thousands of households and businesses to gauge consumer prices across various categories. The primary calculation technique involves taking a weighted average of price changes, reflecting the relative importance of different goods and services in consumer spending.

Description

The inflation rate is often reported as a Year-over-Year (YoY) change, which compares current prices to those of the same month in the previous year, thus offering a clearer view of long-term trends and seasonal adjustments. This YoY measurement is preferred over Month-over-Month (MoM) or Quarter-over-Quarter (QoQ) analyses, which can show short-term fluctuations but may be less reflective of overall economic health.

Additional Notes

The Japan Inflation Rate serves as a leading indicator for consumer spending and economic growth, closely monitored by economists and policymakers. It is integral to broader economic analyses, as rising inflation rates can signal shifts in consumer confidence and spending patterns, while also influencing central bank policies both in Japan and globally.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for JPY, Bearish for Stocks. Lower than expected: Bearish for JPY, Bullish for Stocks. A dovish tone: Signaling lower interest rates or economic support, is usually good for the JPY but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 22, 2025	0.1%	0.2%	0.3%	-0.1%
Apr 17, 2025	0.3%	0.2%	-0.1%	0.1%
Mar 20, 2025	-0.1%	0.2%	0.5%	-0.3%
Feb 20, 2025	0.5%	0.2%	0.6%	0.3%
Jan 23, 2025	0.6%	0.4%	0.4%	0.2%
Dec 19, 2024	0.6%	0.2%	0.4%	0.4%
Nov 21, 2024	0.4%	0.4%	-0.3%
Oct 17, 2024	-0.3%	0.2%	0.5%	-0.5%
Sep 19, 2024	0.5%	0.3%	0.2%	0.2%
Aug 22, 2024	0.2%	0.4%	0.3%	-0.2%
Jul 18, 2024	0.3%	0.2%	0.5%	0.1%
Jun 20, 2024	0.5%	0.1%	0.2%	0.4%
May 23, 2024	0.2%	0%	0.2%	0.2%
Apr 18, 2024	0.2%	0.1%	0%	0.1%
Mar 21, 2024	0%	0.2%	0%	-0.2%
Feb 26, 2024	0%	-0.1%	0.1%	0.1%
Jan 18, 2024	0.1%	-0.1%	0%	0.2%
Dec 21, 2023	-0.1%	0.2%	0.7%	-0.3%
Nov 23, 2023	0.7%	0.4%	0.3%	0.3%
Oct 19, 2023	0.3%	0.1%	0.2%	0.2%
Sep 21, 2023	0.2%	0.6%	0.4%	-0.4%
Aug 17, 2023	0.4%	0.2%	0.2%	0.2%
Jul 20, 2023	0.2%	0.2%	0%
Jun 22, 2023	0%	0.5%	0.6%	-0.5%
May 18, 2023	0.6%	0.1%	0.3%	0.5%
Apr 20, 2023	0.3%	0.1%	-0.6%	0.2%
Mar 23, 2023	-0.6%	-0.3%	0.4%	-0.3%
Feb 23, 2023	0.4%	0.2%	0.3%	0.2%
Jan 19, 2023	0.3%	0.2%	0.4%	0.1%
Dec 22, 2022	0.3%	0.5%	0.6%	-0.2%
Nov 17, 2022	0.6%	0.4%	0.3%	0.2%
Oct 20, 2022	0.3%	0.4%	0.3%	-0.1%
Sep 19, 2022	0.4%	0.2%	0.5%	0.2%
Aug 18, 2022	0.5%	-0.1%	0%	0.6%
Jul 21, 2022	0%	0.2%	0.3%	-0.2%
Jun 23, 2022	0.2%	0.3%	0.4%	-0.1%
May 19, 2022	0.4%	0.2%	0.4%	0.2%
Apr 21, 2022	0.4%	0.6%	0.4%	-0.2%
Mar 17, 2022	0.4%	0.2%	0%	0.2%
Feb 17, 2022	0.1%	0%	0.1%	0.1%
Jan 20, 2022	0.1%	0.2%	0.3%	-0.1%
Dec 23, 2021	0.3%	0.2%	-0.3%	0.1%
Nov 18, 2021	-0.3%	0.1%	0.4%	-0.4%
Oct 21, 2021	0.4%	-0.1%	-0.2%	0.5%
Sep 23, 2021	-0.2%	0.3%	0.2%	-0.5%
Aug 19, 2021	0.2%	-0.2%	0.1%	0.4%
Jul 19, 2021	0.3%	0.2%	0.3%	0.1%
Jun 17, 2021	0.3%	0.1%	-0.4%	0.2%
May 20, 2021	-0.4%	0.3%	0.2%	-0.7%
Apr 22, 2021	0.2%	0.2%	0.1%
Mar 18, 2021	0.1%	0.1%	0.6%
Feb 18, 2021	0.6%	-0.2%	-0.1%	0.8%
Jan 21, 2021	-0.3%	0.1%	-0.5%	-0.4%
Dec 17, 2020	-0.4%	-0.2%	-0.1%	-0.2%
Nov 19, 2020	-0.1%	0%	-0.1%	-0.1%
Oct 22, 2020	-0.1%	0.2%	-0.1%	-0.3%
Sep 17, 2020	-0.1%	-0.1%	0.2%
Aug 20, 2020	0.2%	0%	0.1%	0.2%
Jul 20, 2020	0.1%	0.1%	0%
Jun 18, 2020	0%		-0.2%
May 21, 2020	-0.2%	-0.4%	0%	0.2%
Apr 23, 2020	0%	-0.2%	-0.1%	0.2%
Mar 18, 2020	-0.1%		0%
Feb 20, 2020	0%		0.1%
Jan 23, 2020	0.1%	0.2%	0.2%	-0.1%
Dec 19, 2019	0.2%		0%
Nov 21, 2019	0%		0%
Oct 17, 2019	0%	0.3%	0%	-0.3%
Sep 19, 2019	0%	0.2%	0.1%	-0.2%
Aug 22, 2019	0.1%	0.2%	0%	-0.1%
Jul 18, 2019	0%	-0.1%	0%	0.1%
Jun 20, 2019	0%	0.2%	0.1%	-0.2%
May 23, 2019	0.1%	-0.2%	0%	0.3%
Apr 18, 2019	0%	-0.2%	0%	0.2%
Mar 21, 2019	0%	0.2%	0.3%	-0.2%
Feb 21, 2019	0.3%	0.1%	-0.2%	0.2%
Jan 17, 2019	-0.2%	0%	-0.2%	-0.2%
Dec 20, 2018	-0.2%	0.1%	0.2%	-0.3%
Nov 21, 2018	0.2%	0%	0%	0.2%
Oct 18, 2018	0%	0.1%	0.5%	-0.1%
Sep 20, 2018	0.5%	0.2%	0.3%	0.3%
Aug 23, 2018	0.3%	-0.2%	0.1%	0.5%
Jul 19, 2018	0.1%	0.1%	0.1%
Jun 21, 2018	0.1%	0.2%	-0.4%	-0.1%
May 17, 2018	-0.4%	0.1%	-0.4%	-0.5%
Apr 19, 2018	-0.4%	0.11%	0.1%	-0.51%
Mar 22, 2018	0.1%	0.1%	0.4%
Feb 22, 2018	0.4%	0.1%	0.2%	0.3%
Jan 25, 2018	0.2%	-0.1%	0.7%	0.3%
Dec 25, 2017	0.7%	0.1%	0%	0.6%
Nov 30, 2017	0%	0.2%	0%	-0.2%
Oct 26, 2017	0%	0.02%	0.2%	-0.02%
Sep 28, 2017	0.2%	0.1%	0%	0.1%
Aug 24, 2017	0%	0.2%	0%	-0.2%
Jul 27, 2017	0%	0.1%	0%	-0.1%
Jun 29, 2017	0%	-0.1%	0.1%	0.1%
May 25, 2017	0.1%	-0.2%	-0.1%	0.3%
Apr 27, 2017	-0.1%	0.1%	-0.1%	-0.2%
Mar 30, 2017	-0.1%	0%	0.1%	-0.1%
Mar 02, 2017	0.1%	0.2%	-0.2%	-0.1%
Jan 26, 2017	-0.2%	-0.2%	0%
Dec 26, 2016	0%	0.1%	0.6%	-0.1%
Nov 24, 2016	0.6%	0.1%	0.2%	0.5%
Oct 27, 2016	0.2%	0.1%	0%	0.1%
Sep 29, 2016	0%	-0.2%	-0.2%	0.2%
Aug 25, 2016	-0.2%	-0.1%	-0.2%	-0.1%
Jul 28, 2016	-0.2%	0.1%	0.1%	-0.3%
Jun 30, 2016	0.1%	0%	0.2%	0.1%
May 26, 2016	0.2%	0.1%	0.1%	0.1%
Apr 27, 2016	0.1%	0%	0.1%	0.1%
Mar 24, 2016	0.1%	0.1%	-0.4%
Feb 25, 2016	-0.4%	-0.1%	-0.1%	-0.3%
Jan 28, 2016	-0.1%	-0.2%	-0.3%	0.1%
Aug 28, 2015	-0.1%	-0.2%	-0.2%	0.1%
Jul 31, 2015	-0.2%	0.2%	0.3%	-0.4%
Jun 26, 2015	0.3%	0.2%	0.4%	0.1%
May 29, 2015	0.4%	-0.1%	0.4%	0.5%
May 01, 2015	0.4%	0.1%	-0.2%	0.3%