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Japan’s annual inflation rate fell to 2.7% in March 2024 from a quarterly peak of 2.8% in February, in line with market consensus.
In March 2024, the consumer price index in Japan increased by 0.20% compared to the previous month.
There were slowdowns in the prices of transport, clothing, furniture and household utensils, healthcare, communication, culture and leisure. At the same time, inflation remained stable for food, housing, education and miscellaneous. Meanwhile, fuel and electricity prices fell the least in a year, with electricity and gas falling at more moderate rates as government energy subsidies end completely in May.
The core inflation rate fell to 2.6% from a four-month high of 2.8%.
ETFs: (JEQ), (EWJ), (DXJ), (FXY).
Japan’s Nikkei 225 (NKY:IND) fell 2.35% on Friday.
(USD:JPY) fell 0.16%, trading at 154.37.