Japan CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Bank of Japan watches when setting interest rates.
Actual
3.5%
Forecast
3.2%
Previous
3.2%
Source: Ministry of Internal Affairs & Communications. Figures as released; revisions appear in the next print.
Japan Inflation Rate (CPI) for April 2023 came in at 3.5% versus 3.2% expected (previous 3.2%), above forecast, which was positive for the JPY.
What it meant for the Japanese Yen
The actual landed above the 3.2% forecast (0.3 above expectations). A reading above forecast is generally bullish for the JPY, and below forecast bearish. On this release the read was positive for the JPY.
New to this release? See what Japan Inflation Rate (CPI) measures, the next release and its full history.