28.04.201702:23:00UTC+00Series of Japan Data Points to Sluggish Economic Growth, Weak Inflation

A series of economic data released a day after the Bank of Japan's monetary policy meeting indicated that the subdued recovery of Japan's economy is still on track for a fifth consecutive quarter, despite inflation being stubbornly below the central bank's target.

Japan's core consumer prices rose by 0.2 percent year-on-year in March, in line with estimates. Overall CPI advanced 0.2 percent from a year-prior period, marginally missing estimates of 0.3 percent.

Meanwhile, jobless rate for the period came in at 2.8 percent compared to projections of 2.9 percent. Japan's job-to-applicant ratio stood at 1.45, above estimates of 1.43.

The country's retail sector saw its sales increase by 2.1 percent on-year in March, beating estimates of 1.5 percent annual growth. On a monthly basis, retail sales advanced 0.2 percent.

However, industrial output contracted by 2.1 percent month-on-month, a steeper decline than the expected 0.8 percent drop. Domestic consumption also continued to show weakness, with household spending falling 1.3 percent, significantly steeper than the anticipated fall of 0.5 percent.

Naspäť na zoznam