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Japan Inflation Rate Ex-Fresh Food YoY held to 0.9% in November 2013. The print came in hotter than the 0.7% consensus, a hotter print than forecasters anticipated.
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).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Inflation Rate Ex-Fresh Food YoY (Japan) was reported at 0.9% in November 2013. This beat the market consensus of 0.7% by 0.2%. The reading was unchanged from the previous release.
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
The Inflation Rate Ex-Fresh Food YoY is a financial indicator that measures the change in the overall price level of goods and services, excluding fresh food, over a period of one year. It is used to track the rate of inflation and provides insight into the overall health of an economy. By excluding fresh food, which is known to have volatile price fluctuations, this indicator provides a more accurate representation of the underlying inflation trend. It is a key metric for policymakers, businesses, and investors to monitor and make informed decisions regarding economic stability and financial planning.
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 monthly.
Latest reading (Nov 2013): actual 0.9 %, consensus 0.7 %.
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low | |
| 04:30 | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low | |
| 04:30 | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.30 | Low | ||
| 23:50 | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | ||
| 23:50 | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | ||
| 23:50 | Imports YoY | 27.8 | 26.3 | 26.15 | Low | ||
| 23:50 | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | ||
| 23:50 | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | ||
| 23:50 | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | ||