All data are based on the daily closing price as of May 24, 2024

Japanese September Macro Update

Japanese inflation dips to 2.8% in September, above BOJ's target for 18 months. Processed food prices surge, electricity costs drop. Exports grow 4.3%, first rise in three months, with challenges ahead. Shipments to China decline. H1 2023 trade deficit narrows by 75.1%.
Share this on

Japanese Inflation Slows, but Remains Above BOJ’s Target for 18th Consecutive Month

Japan’s core consumer price index edged up 2.8% in September, a slight dip from August’s 3.1%, attributed to reduced electricity and gas costs, official data revealed. Despite this deceleration, it remains above the Bank of Japan’s 2% target, marking the 18th consecutive month surpassing it. Processed food prices surged 9.2%, while electricity costs saw a 24.6% drop, according to the Ministry of Internal Affairs and Communications.

Exports Show Encouraging Signs, but Challenges Persist

Japanese exports saw a 4.3% growth in September, marking the first year-on-year increase in three months, as per preliminary data from the Finance Ministry. While exports of automobiles and pharmaceuticals rose, experts warn of potential vulnerabilities, especially in semiconductor-related products. Shipments to China recorded a 6.2% decline, hinting at the impact of trade control measures imposed by both nations.

Japan’s H1 2023 Trade Deficit Narrows by 75.1% YoY

In the first half of fiscal 2023, Japan’s trade deficit shrank by 75.1% to 2.71 trillion yen compared to the same period last year, according to preliminary figures released. The data highlights the ongoing efforts to rebalance trade dynamics in the region.


Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top