econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Japan: Inflation at Multi-Year High

admin by admin
10월 25, 2013
in 미분류
0
0
SHARES
0
VIEWS

Econintersect:  The government announced that in September 2013 Japan breaking-news-captioncontinued to have inflation at levels seldom seen in the past decade.  Inflation reached a level in August that was the highest since late 2008 and the number was repeated for September.  The high inflation number?  For both of the two most recent months reported inflation was 1.1% year-over-year.  The government has an official target of reaching 2% annual inflation to bring an end to years of crushing deflation, and movement toward that goal has been difficult.

The number frequently reported in the press is the inflation without including fresh food which was 0.7% in September, down from 0.8% in August.  The complete data table from the government statistics office follows:

japan-inflation-2013-sept

The Financial Times has remarked on a troubling aspect of the even low level of inflation achieved:

Still, the source of recent inflationary pressure – the yen’s diminished buying power in international markets, rather than significantly stronger demand for goods at home – has worried economists.

The currency has lost about 20 per cent of its value against the dollar and the euro over the past year in response to Japan’s monetary shift, which has involved sharply increasing the amount of yen in circulation.

The lower value for the yen has made energy push inflation the largest factor to date.  The government would like economic growth to be pushing the inflation curve.  When energy and energy related items are removed from the equation there was no price change from a year ago.  But even no inflation is a victory of sorts, because it is the first time that core inflation has not been negative since Prime Minister Shinto Abe  took office nine months ago.

A significant factor has been the boost to exports due to the cheaper yen.  Domestic consumption still seems locked in a slow contraction.

The persistence of deflation in Japan since the turn of the century is seen in the following graph from Trading Economics.

japan-inflation-since-2000

The graph for core inflation can be seen in a previous GEI News article.

John Lounsbury

Sources:

  • Japan Statistics Bureau Report (Ministry of Internal Affairs and Communications, 25 October 2013)
  • Japanese inflation nears 5-year high (Jonathan Soble, Financial Times, 25 October 2013)
  • Japan Inflation Rate (Trading Economics, 25 October 2013)
  • Japan: Inflation Increases (or Not) (GEI News, 26 July 2013)
Previous Post

Investing.com: Technical Analysis 24 October 2013

Next Post

Picturing Option Profits

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Picturing Option Profits

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect