-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Japan June CPI Up On Energy; But Seen Revised Down
Japan's June core consumer price index accelerated on higher energy costs, but will likely be revised down in August as the government plans a update to the base year of the series to 2020, making the increase no surprise to Bank of Japan officials, MNI understands.
The nationwide core CPI rose 0.2% y/y in June for the second straight gain following +0.1% in May, which was the first rise in 14 months. The higher core CPI was expected as the Tokyo June core CPI was unchanged in June, improving from -0.2% in May.
The June core-core CPI, excluding fresh food and energy items - the BOJ's preferred gauge of the underlying trend – fell 0.2% y/y after falling 0.2% in May. Energy costs rose 4.6% y/y in June, building on a 4.2% gain in May, but mobile phone charges fell 27.9% y/y in June.
Bank officials continued to keep a close eye on how core CPI affects inflation expectations, which were unchanged after rebounding from the drop caused by coronavirus containment measures.
Prices for eating out, another key BOJ focus, rose 0.3% y/y in June following +0.3% in May, showing that consumers remained cautious. Service prices fell 1.1% y/y in June, which follows a 1.1% decline in May.
Prices for processed foods, accounting for 15% of the total CPI and which BOJ officials are sensitive to, fell 0.1% y/y in June, unchanged from -0.1% in May. Household and durable goods prices rose 1.7% y/y in June, slowing from +2.3% in May, reflecting further hesitancy on purchases.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.