Japan's CGPI may have contracted as the sales-tax effect faded
Japan will release the April domestic corporate price index (CGPI) on 15 May. It is expected to have contracted 2.1% y/y as the impact of the sales-tax hike in April 2014 faded. The CGPI (excluding the sales-tax hike) ha…
Japan will release the April domestic corporate price index (CGPI) on 15 May. It is expected to have contracted 2.1% y/y as the impact of the sales-tax hike in April 2014 faded.
The CGPI (excluding the sales-tax hike) has been contracting y/y since last November on lower global oil prices. The import price index of oil products in Japanese yen (JPY) terms has declined sharply in recent months.
Although oil prices have picked up slightly, it will take time for this to feed through to the economy if the trend continues.
At its 30 April Monetary Policy Committee (MPC) meeting, the Bank of Japan (BoJ) pushed back its deadline for meeting the 2% inflation target, owing to the slowdown in inflation.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
