No progress in Japanese inflation, consumer spending subdued

FXStreet (Bali) - Japanese inflation numbers came largely unchanged, with a down-tick in the core nationwide CPI the most notable outcome.

Overall household spending and jobless rate came weaker-than-expected, raising doubts over the prospects of both inflation and economic growth.

Key headlines

Japan Overall Household Spending (YoY) came in at -5.1% below forecasts (-4.1%) in January

Japan Tokyo CPI ex Food, Energy (YoY) remains unchanged at 1.7% in February

Japan National CPI Ex-Fresh Food (YoY) registered at 2.2%, below expectations (2.3%) in January

Japan Tokyo CPI ex Fresh Food (YoY) in line with forecasts (2.2%) in February

Japan National CPI Ex Food, Energy (YoY) remains unchanged at 2.1% in January

Japan Tokyo Consumer Price Index (YoY) remains at 2.3% in February

Japan National Consumer Price Index (YoY) remains at 2.4% in January

Japan Unemployment Rate registered at 3.6% above expectations (3.4%) in January

Japan Jobs/applicants ratio registered at 1.14, below expectations (1.15) in January