Slower inflation likely in Japan, moderate retail sales increase in February
Japan will release February inflation, retail sales and jobs data on 27 March. Standard Chartered notes... We expect core inflation (excluding fresh food) to have slowed to 2.1% y/y from 2.2% in January. Excluding the sa…
Japan will release February inflation, retail sales and jobs data on 27 March.
Standard Chartered notes...
We expect core inflation (excluding fresh food) to have slowed to 2.1% y/y from 2.2% in January.
Excluding the sales-tax effect, core inflation likely fell to 0.1% y/y, the lowest since June 2013.
The jobless rate likely remained unchanged, after having risen to 3.6% in January from 3.4% in December 2014.
The participation rate continued to decline to 59.0 in January, the lowest since March 2014, indicating that labourmarket sentiment remains conservative.
Retail sales growth likely rebounded to 0.8% m/m after a 1.9% m/m decline in January.
The increase in tourist arrivals likely boosted local retail sales, while household spending probably remained sluggish.
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