JAPAN DATA: Japan Dec Core CPI +3.0% Y/Y; Energy Price +10.1% Y/Y

Jan-23 23:53
  • Japan's national average core consumer price index (excluding fresh food) rose 3.0% from the year earlier in December, fastened from the growth of 2.7% marked in November, accumulating the whole year core CPI to 2.5%.
  • Energy rose 10.1% y/y, accelerating from the 6.0% y/y growth registered in the previous month.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 2.4% y/y, the same as the growth last month.
  • Prices for ex-perishables rose 4.4% y/y, higher than the 4.2% y/y increase in November.
  • Prices for household spending rose 2.6% y/y, down from the 4.1% y/y increase reported last month, and prices for accommodation increase 5.2% y/y, down from the previous 8.0% rise.

Historical bullets

MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%

Dec-24 23:51
  • MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%
  • JAPAN NOV SERVICES PPI +0.4% M/M: OCT UNREV +0.8%

LOOK AHEAD: Thursday Data Calendar: Weekly Claims, Tsy Bills & 7Y Note Sale

Dec-24 18:38
  • US Data/Speaker Calendar (prior, estimate)
  • Dec-26 0830 Initial Jobless Claims (220k, 223k)
  • Dec-26 0830 Continuing Claims (1.874M, 1.881M)
  • Dec-26 1130 US Tsy $75B 4W, $70B 8W bill auctions
  • Dec-26 1300 US Tsy $44B 7Y Note auction & $64B 17W bills

STIR: FED Reverse Repo Operation

Dec-24 18:24

RRP usage climbs to $180.989B this afternoon from $116.004B yesterday. Compares to $98.356B last Friday - the lowest level since mid-April 2021. The number of counterparties climbs to 52 from 47 prior.