When the Nation’s Consumer Price Index was released the following Thursday, it indicated that Japan’s Annual inflation has increased by a noteworthy 0.3% over the previous month’s print. Sadly, inflation’s closing in on Kuroda’s target did not seem to encourage Japanese consumer sentiment. Alongside with the publishing of the CPI, May’s Household Spending presented an 8% annual contraction, versus merely 4.6% in April.
Showing posts with label CPI. Show all posts
Showing posts with label CPI. Show all posts
Monday, 30 June 2014
Abenomics is not going as planned
Last week presented a good opportunity to review the implications of Japanese Prime Minister Shinzō Abe's ultra-expansionary monetary policies. On Monday, the Nation's Central Bank Governor, Kuroda, addressed Japan's Association of Corporate Executives, noting that Japanese inflation currently sits at 1.5%, when adjusting for price increases stemming from April's consumption tax hike. Kuroda expressed hope that rising inflation would push individuals towards higher expenditure levels as he stressed that "we need to achieve a world in which people engage in economic activities based on the assumption that two percent inflation is a given".
When the Nation’s Consumer Price Index was released the following Thursday, it indicated that Japan’s Annual inflation has increased by a noteworthy 0.3% over the previous month’s print. Sadly, inflation’s closing in on Kuroda’s target did not seem to encourage Japanese consumer sentiment. Alongside with the publishing of the CPI, May’s Household Spending presented an 8% annual contraction, versus merely 4.6% in April.
When the Nation’s Consumer Price Index was released the following Thursday, it indicated that Japan’s Annual inflation has increased by a noteworthy 0.3% over the previous month’s print. Sadly, inflation’s closing in on Kuroda’s target did not seem to encourage Japanese consumer sentiment. Alongside with the publishing of the CPI, May’s Household Spending presented an 8% annual contraction, versus merely 4.6% in April.
Monday, 13 January 2014
Economic events of the week
Monday: More info on the recovery of the Eurozone will roll in as Industrial Production data will be released in Italy. Additionally, the U.S. budget statement for December is due to be released.
Tuesday: The Current Account Balance is due to be released in Japan, with analysts expecting the deficit to increase to over Yen -368 billion. The French Consumer Price Index is due, as well as the U.K. Consumer, Producer and Price Indices. December’s U.S. Advance Retail Sales will also see light during the day.
Wednesday: Preliminary figures regarding Machine Tool Orders are due to be released in Japan. Later that day, Consumer Price Index data are due to be released in Spain. In the U.S., December’s Producer Prices are due to be released.
Thursday: The day will kick off with a slew of reports from Japan, namely the Tertiary Industry Index, Machine Orders and Domestic Corporate Goods Prices. Later that day, December’s Consumer Price Index will be released in Germany, followed by the aggregate figure for the Eurozone and coincidently, the U.S. CPI. Further expected in the U.S. are the Initial Jobless Claims figures. Fed Governor Bernanke is due to deliver a speech at the Brooking Institution.
Friday: December’s Housing Starts and Industrial Production data will be released in the U.S., followed by the University of Michigan’s Consumer Confidence Index for January.
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