CHINA+ DATA WRAP 27 JANUARY 2023: Tokyo CPI Jump Sharpens the BoJ's Dilemma

Tokyo CPI Jump Sharpens the BoJ's Policy Dilemma

Duncan WrigleyChina+

CHINA+ DATA WRAP 20 JANUARY 2023: Japanese Inflation Rises on Energy Costs

Japanese Inflation Edges Up on Higher Energy Costs

Duncan WrigleyChina+

CHINA+ DATA WRAP 12 JANUARY 2023: China Inflation is Subdued Despite Covid Storm

China Inflation Remains Subdued During Covid Turbulence

Duncan WrigleyChina+

CHINA+ DATA WRAP 10 JANUARY 2023: Tokyo CPI Ticks Up Despite Weak Consumption

Tokyo CPI Ticks Up Despite Weak Consumption Demand

Duncan WrigleyChina+

PM Note: Japan, CPI, November

• Japanese Inflation Inches up in November, likely near peak

Duncan WrigleyChina+

CHINA+ DATA WRAP 23 DECEMBER 2022: Japanese Inflation Inches Up

Japanese Inflation Inches up in December, near its peak

Duncan WrigleyChina+

CHINA+ DATA WRAP 9 DECEMBER 2022: China's CPI Flattens Out

China's CPI Flattens Out as Consumption is Hit by Covid

Duncan WrigleyChina+

CHINA+ DATA WRAP 25 NOVEMBER 2022: Tokyo CPI rises on accelerating food prices

Tokyo CPI rises on accelerating food prices

Duncan WrigleyChina+

28 Nov 2022 China+ Monitor Tokyo Inflation Speeds up on Food Price Hikes

Tokyo headline CPI accelerated further in November, on the back of food price rises... 

...But the BoJ is likely to view domestic demand as still weak, and so leave monetary policy unchanged. 

China’s RRR cut is mainly about funding fiscal policy to cushion growth, as Covid cases surge again. 

Duncan WrigleyChina+

PM Note: Japan Flash PMIs November

• Japan is caught between rising inflationary pressure and slowing growth

Duncan WrigleyChina+

21 Nov 2022 China+ Monitor Japanese Inflation is Picking up on Higher Import Costs

• Japanese headline CPI rose sharply in October, on the back of food price hikes...
• ...But the BoJ is likely to keep monetary policy loose, expecting core inflation to wane in fiscal year 2023.
• The PBoC warned about future inflationary risk in China, as bond markets responded to policy shifts.

Duncan WrigleyChina+

PM Note: Japan CPI October

• Japan's CPI Inflation Jumps on Food Price Hikes

Duncan WrigleyChina+

CHINA+ DATA WRAP 18 NOVEMBER 2022: Japan's CPI Jumps on Food Price Hikes

Japan's CPI Inflation Jumps on Food Price Hikes

Duncan WrigleyChina+

10 Nov 2022 China+ Monitor China's Consumer Price Inflation Rolls Over in October

• China’s CPI inflation rolled over in October, owing to weak domestic demand and labour market slack.
• Overall food price rises decelerated, despite pork price rises speeding up.
• Producer prices began to fall, year-over-year, on slowing energy prices and weak demand.

Duncan WrigleyChina+

PM Note: China CPI October

• In one line: Disinflationary CPI Trend Confirms Weak Domestic Demand

Duncan WrigleyChina+

CHINA+ DATA WRAP 9 NOVEMBER 2022: Disinflationary CPI Trend Confirms Weak Demand

Disinflationary CPI Trend Confirms Weak Domestic Demand

Duncan WrigleyChina+

31 Oct 2022 China+ Monitor The BoJ is not for Turning, Despite Rising Inflation

• The BoJ acknowledges higher CPI inflation for the
  rest of 2022...
• ...But continues to forecast a drop in the core rate to below the 2% target in late 2023.
• Nothing in the Tokyo CPI data will make the BoJ change its assessment.

Duncan WrigleyChina+

CHINA+ DATA WRAP 28 OCTOBER 2022: The BoJ stands fast, despite higher inflation

The BoJ stands fast, despite higher inflation

Duncan WrigleyChina+

24 Oct 2022 China+ Monitor Japanese Headline Inflation Set to Rise as Food Prices Heat up

• Japan’s headline CPI is expected to resume rising in October, thanks to food price increases...
• ...But the BOJ will stick to easy monetary policy, given the lacklustre core inflation and wage outlook.
• Korean 20-day exports for October indicated still-worsening global demand. 

Duncan WrigleyChina+

China+ Data Note: Japan National CPI, September

• In one line: The BOJ will Hold the Line Despite Core CPI Creeping up

Duncan WrigleyChina+