Japan turning Japanese again?

Monday, 27 February 2023

Pantheon with the note.

Japan’s Consumer Inflation is Likely Near its Peak

Japan’s headline CPI accelerated 0.3 points to 4.3% year-over-year in January. The main drivers remained food and energy prices, together contributing 3pp of the 4.3% CPI increase. This indicates that inflation is still relatively narrowly based, though broadening. Core goods contributed 0.6pp, housing 0.3pp, and services 0pp.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.