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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan PPI MoM held to 0.3 in December 2024
FMPMonthlyReleased January 2025
Japan PPI MoM held to 0.3 in December 2024, released January 2025. The print came in cooler than the 0.4 consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 0.21. Over the past 3 months, PPI MoM averaged 0.25, vs 0.03 in the prior 3-month window. PPI MoM is now the highest in 6 months.
Latest Release
0.3
Actual
0.4
Consensus
0.3
Previous
Median Absolute Error
±0.16 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 0.48
Actual: 0.3
Error: +0.18
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 January 2025 reading was unchanged from the previous value of 0.3. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.16. Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY) and negatively correlated with EUR/JPY (Bullish JPY).
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PPI MoM - JP
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