Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in Japan accelerated in February to the highest since November 2.8%


March, 22 2024
watermark Economic news

According to the Ministry of Internal Affairs and Communications of Japan, consumer inflation in February reached its highest since November, increasing by 2.8% year-on-year. Thus, the growth rate accelerated compared to 2.2% in January. 


Inflation excluding fresh food prices (the main indicator that the central bank focuses on) also amounted to 2.8% compared with 2% in the previous month, which is in line with analysts' forecasts. 


Analysts note that the key inflation index has remained at 2% or higher for 23 months, which became the basis for the Central Bank of Japan's rejection of the policy of negative interest rates this week. The short-term interest rate on deposits of commercial banks in the Central Bank is now in the range from 0% to 0.1% per annum, previously it was minus 0.1%.


Inflation, excluding the cost of food and energy, was 3.2%, compared with 3.5% in January. In February, there was an increase in food prices by 4.8%, recreation and entertainment prices rose by 7.3%, telecommunications services – by 1.4%. At the same time, energy resources fell in price by 3%, which is the minimum decrease in the last 11 months.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.