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15 May 2015
Japan wholesale inflation sees a sharp fall – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares the key developments in the Japan market – Wholesale inflation data release, and Kuroda’s view on the same.
Key Quotes
“Nikkei225 outperformed, tracking weaker JPY with USD/JPY rising about 30pips toward 119.50. With the effect of consumption tax rolling off in May, wholesale inflation fell sharply to -2.2%, which does not bode well for CPI figures in late May.”
“Despite the warning signs, BOJ Gov Kuroda reiterated that no further easing is required at this time, but also noted the central bank will not hesitate to adjust policy. Kuroda added that exports are finally on the rise.”
“Japan Apr CGPI (PPI) M/M: 0.1% V 0.1%E; Y/Y: -2.1% V -2.1%E (biggest decline since Aug 2012)”
“Japan Mar Loans & Discounts Corp Y/Y: 3.0% V 3.2% Prior”
Key Quotes
“Nikkei225 outperformed, tracking weaker JPY with USD/JPY rising about 30pips toward 119.50. With the effect of consumption tax rolling off in May, wholesale inflation fell sharply to -2.2%, which does not bode well for CPI figures in late May.”
“Despite the warning signs, BOJ Gov Kuroda reiterated that no further easing is required at this time, but also noted the central bank will not hesitate to adjust policy. Kuroda added that exports are finally on the rise.”
“Japan Apr CGPI (PPI) M/M: 0.1% V 0.1%E; Y/Y: -2.1% V -2.1%E (biggest decline since Aug 2012)”
“Japan Mar Loans & Discounts Corp Y/Y: 3.0% V 3.2% Prior”