Consumer Price Index<\/a> (CPI) annualized inflation for the year ended December 2023 eased back further as inflation continues to cool within the major economic centers of Tokyo, printing at 2.4% compared to November’s YoY 2.6%.<\/p>\nTokyo’s Core CPI (headline CPI less the volatility of fresh food prices) broadly met market expectations, printing at 2.1% for the year through December compared to November’s annualized print of 2.3%.<\/p>\n
Tokyo’s ‘Core-Core’ CPI inflation (Core CPI minus energy prices) also slid, printing at 3.5% YoY compared to November’s YoY print of 3.6%.<\/p>\n
Market Reaction<\/h2>\n
The USD\/JPY sees sedate trading conditions in early Tuesday market action, shifting within intraday levels above the 144.00 handle.<\/p>\n
About Japan’s Tokyo Consumer Price Index<\/h2>\n
The Tokyo Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan\u2019s overall CPI as it is published weeks before the nationwide reading. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: Tokyo headline CPI inflation cools YoY from 2.6% to 2.4%. Tokyo YoY Core CPI prints as-expected at 2.1% versus previous period’s 2.3%. Japan’s Consumer Price Index (CPI) annualized inflation for the year ended December 2023 eased back further as inflation continues to cool within the major economic centers of Tokyo, printing at 2.4% compared […]<\/p>\n","protected":false},"author":2,"featured_media":19798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,388,1062,250,252,247,253,249,275,256,254],"class_list":["post-226085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-inflation","tag-japan","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=226085"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226085\/revisions"}],"predecessor-version":[{"id":226086,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226085\/revisions\/226086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19798"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=226085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=226085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=226085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}