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September 21, 2023
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Japan CPI inflation 3.17% y-o-y in Aug-23


- Japan's consumer price inflation declined marginally to 3.17% year-on-year in August 2023, marking the lowest growth since September 2022.
- The core CPI inflation surpassed market expectations, reaching 3.1% year-on-year in August 2023.
September 12, 2023
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Japan PPI inflation 3.2% y-o-y (consensus 3.2) in Aug-23


- Japan's PPI inflation in August 2023 recorded a year-on-year growth rate of 3.2%, signaling a slowdown in price increases within the producer sector compared to previous months.
- The month-on-month comparison reveals a higher rate of price growth in August 2023, indicating short-term inflationary pressures within the producer sector.
September 07, 2023
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Japan leading index -1.1% m-o-m in Jul-23



- Japan's leading index experienced a decline of 1.1% m-o-m in July 2023, marking the lowest growth rate since September 2022.
- The leading index is currently 0.82 percentage points below the one-year average and 1.16 percentage points under the long-run average, indicating weaker economic performance compared to historical trends.
August 30, 2023
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Japan retail sales 6.8% y-o-y (consensus 5.4) in Jul-23

- Japan's retail sales in July 2023 grew by 6.8% year-on-year, surpassing market expectations and marking the highest growth rate since March 2023.
- Retail sales in Japan are 1.62 percentage points above the one-year average and 5.36 percentage points above the long-run average, indicating a strong recovery in consumer spending and potential shifts in consumer behavior.

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