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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan GDP Deflator YoY climbed to 3.4% in January 2015
FMPQuarterlyReleased June 2015
Japan GDP Deflator YoY climbed to 3.4% in January 2015, released June 2015, up 1.0% from December's 2.4% reading. The reading matched the 3.4% consensus.
Latest Release
3.4
Actual
3.4
Consensus
2.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Deflator YoY (Japan) was reported at 1.6% in August 2015. The reading fell from the previous value of 3.4%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update August 2015.
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GDP Deflator YoY - JP
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About GDP Deflator YoY — Japan
DEFINITION
The GDP Deflator YoY is a financial indicator that measures the annual change in the overall price level of goods and services produced within a country. It is calculated by comparing the current year's gross domestic product (GDP) to the previous year's, adjusting for inflation. This indicator provides valuable insight into the overall health and stability of an economy, as it reflects changes in both prices and economic output. It is often used by policymakers and investors to assess the impact of inflation on a country's economic growth.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2015): actual 1.6 %. Prior reading (Apr 2015): 1.6 %. Before that (Jan 2015): 3.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.