Japan’s Core CPI Slides to an Over Two-Year Low - Forex News by FX Leaders
USD/JPY

Japan’s Core CPI Slides to an Over Two-Year Low

Posted Friday, September 20, 2019 by
Arslan Butt • 1 min read

Japan’s core CPI declined to a two-year low during the month of August, further below the 2% target set by the BOJ. According to data released by the Statistics Bureau, nationwide core CPI grew by 0.5% YoY in August, slipping from the 0.6% growth seen in July.

Core CPI growth was the slowest seen since July 2017, when the reading had hit 0.5%. A weakening in global economic growth, strengthening of the Japanese yen over an increased safe haven appeal, and weak crude oil prices had driven the CPI lower in August. In addition, domestic demand remained anemic, further contributing to the slide in consumer inflation.

The Japanese yen remains largely unaffected on the release of this news, with USD/JPY trading at around 107.87 as the weakness in the US dollar drives the moves in this forex pair for now.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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