The customer visits the store on Togoshi Ginza shopping street in Tokyo on January 23, 2025.
Philip Fong AFP Getty images
In January, inflation of Japan increased to 4%, reaching the highest level from January 2023, moreover, strengthening the case of increases in rates by the central bank.
Basic inflation – which excludes fresh food prices – increased to 3.2% from 3% According to the Reuters survey in the previous month and overcoming the expectations of economists of 3.1%. This number was the highest since June 2023.
The so -called “basic” inflation rate, which displaces the prices of both fresh food and energy and is strictly monitored by BOW, increased slightly to 2.5% from 2.4% in the previous month.
The header inflation rate, which in December was 3.6%, remained above 2% of the months of the Japan Bank for 34 simple months.
Immediately after releasing the data, Jen strengthened 0.15%to trade at 149.39 in relation to the dollar.
The number of inflation increases the case of foot increases, which considering the exacerbation at his January meeting, with his Summary of opinions A warning about the risk of inflation and weakening of Jen.
“The bank will be necessary to adapt the degree of cash accommodation from the point of view of avoiding yen depreciation and overheating financial activities that seem to be caused by excessively high expectations of continuous cash facilitation”, Summary Bij “, summary beat reading.
Data also appears after the domestic GDP growth has overcome the expectations of a quarter to the fourth, and by 0.7% and 2.8%, respectively.
However, the whole year of GDP for 2024 slowed down to 0.1%, which is a sharp decline from 1.5% growth in 2023.
These are the latest messages, check more updates.