CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Japan’s inflation softens in December

Core consumer prices rose 0.7% for last month from a year ago, slower than the 0.9% gain in November.

Japan’s core consumer prices slowed in December from the previous month partly due to a fall in housing prices and transport and communication fees.

Core consumer prices rose 0.7% for last month from a year ago, slower than the 0.9% gain in November, data from the Ministry of Internal Affairs and Communications showed. Economists had expected a 0.8% gain for the month.

November’s reading brings core consumer prices to the 24th consecutive month of increase in prices. The indicator excludes fresh food prices due to their volatility to seasonal changes.

Including fresh foods, Consumer Price Index (CPI) for all-items rose by 0.3% from a year ago. On a month-on-month and seasonally-adjusted basis, core consumer prices were lower by 0.1%, while CPI for all items fell by 0.2%.

For last month, the largest contributors to the increase in consumer prices were fuel, light, and water prices, and medical care costs.

For the full year of 2018, CPI for all items gained 1.0% year-on-year, falling below the central bank’s annual target. The Bank of Japan has been struggling to keep to its inflation target of 2.0% amid depressed wages and softening economic activity.

Economists expect the country to rebound for the last quarter of the year, as the third quarter’s performance was met with natural disasters which affected businesses.

At 11.02am Tokyo time on Friday, the Japanese Yen changed hands at ¥109.35 against the United States dollar.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

See an opportunity to trade?

Go long or short on more than 17,000 markets with IG.

Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.