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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan National Core Inflation Rate YoY fell to -0.3% in March 2013
FMPMonthlyReleased March 2013
Japan National Core Inflation Rate YoY fell to -0.3% in March 2013, down 0.1% from February's -0.2% reading. The print came in hotter than the -0.4% consensus, a hotter print than forecasters anticipated.
Latest Release
-0.3
Actual
-0.4
Consensus
-0.2
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
National Core Inflation Rate YoY (Japan) was reported at -0.3% in March 2013. This beat the market consensus of -0.4% by 0.1%. The reading fell from the previous value of -0.2%.
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 Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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National Core Inflation Rate YoY - JP
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About National Core Inflation Rate YoY — Japan
DEFINITION
The National Core Inflation Rate YoY is a key financial indicator that measures the change in the overall price level of goods and services in a country over a one-year period, excluding volatile items such as food and energy. This indicator provides valuable insight into the long-term trend of inflation and is used by policymakers and investors to assess the health of the economy and make informed decisions. A low National Core Inflation Rate YoY indicates stable prices, while a high rate may signal potential economic instability.
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 monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual -0.3 %, consensus -0.4 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.