Free Trial

Downtrend Remains Intact


Timeline of key events (Times BST)


Bear Steepening In Asia


Bear Flag Breakout


(M2) Gains Considered Corrective

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 Access
MNI (Singapore)
     TOKYO (MNI) - The following are the median forecasts from MNI's economist
survey for key Japanese data due in this week.
Date           JST/GMT               Data  Month  Median         Previous
Fri, Dec 28  0830/2330     Tokyo Core CPI    Dec     0.9  % y/y       1.0
Fri, Dec 28  0830/2330  Unemployment Rate    Nov     2.4      %       2.4
Fri, Dec 28  0850/2350  Industrial Output    Nov    -1.9  % m/m       2.9
Fri, Dec 28  0850/2350       Retail Sales    Nov     2.2  % y/y       3.6
Consumer Price Index (Excluding Fresh Food)
                                             Tokyo % y/y
Median Forecast                                      0.9
High Forecast                                        1.1
Low Forecast                                         0.9
Previous Month                                       1.0
Standard Deviation                                   0.1
No. of Responses                                      11
                                             Tokyo % y/y
Japan Research Institute                             1.1
BNP Paribas                                          1.0
Dai-ichi Life Research Institute                     1.0
Nomura Securities                                    1.0
Hamagin Research Institute                           0.9
Mizuho Research Institute                            0.9
Morgan Stanley MUFG Securities                       0.9
NLI Research Institute                               0.9
Norinchukin Research Institute                       0.9
SMBC Nikko Securities                                0.9
Sumitomo Mitsui Asset Management                     0.9
Unemployment Rate (Seasonally Adjusted)
Median Forecast                          2.4
High Forecast                            2.5
Low Forecast                             2.3
Previous Month                           2.4
Standard Deviation                       0.1
No. of Responses                          12
Daiwa Institute of Research              2.5
NLI Research Institute                   2.5
Nomura Securities                        2.5
BNP Paribas                              2.4
Dai-ichi Life Research Institute         2.4
Hamagin Research Institute               2.4
Japan Research Institute                 2.4
Mizuho Research Institute                2.4
Morgan Stanley MUFG Securities           2.4
SMBC Nikko Securities                    2.4
Norinchukin Research Institute           2.3
Sumitomo Mitsui Asset Management         2.3
Preliminary Industrial Production
                                   Change m/m %
Median Forecast                            -1.9
High Forecast                              -1.0
Low Forecast                               -2.6
Previous Month                              2.9
Standard Deviation                          0.5
No. of Responses                             12
                                   Change m/m %
Japan Research Institute                   -1.0
Mizuho Research Institute                  -1.1
Morgan Stanley MUFG Securities             -1.4
Sumitomo Mitsui Asset Management           -1.5
Hamagin Research Institute                 -1.7
BNP Paribas                                -1.8
SMBC Nikko Securities                      -1.9
Daiwa Institute of Research                -2.0
Norinchukin Research Institute             -2.2
Dai-ichi Life Research Institute           -2.3
NLI Research Institute                     -2.3
Nomura Securities                          -2.6
Preliminary Retail Sales
                                  Change y/y %
Median Forecast                            2.2
High Forecast                              2.8
Low Forecast                               1.3
Previous Month                             3.6
Standard Deviation                         0.4
No. of Responses                             9
                                  Change y/y %
Mizuho Research Institute                  2.8
Japan Research Institute                   2.4
Sumitomo Mitsui Asset Management           2.3
BNP Paribas                                2.2
Hamagin Research Institute                 2.2
Dai-ichi Life Research Institute           2.1
Morgan Stanley MUFG Securities             2.1
Nomura Securities                          2.1
NLI Research Institute                     1.3
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.