Japan Inflation Softens Below BOJ Target

Articles · 7

• Forexlive6/18/2026, 11:30:13 PM
  Japan May inflation data: Headline 1.5% y/y (expected 1.5%) Core 1.4% (expected 1.4%)

  Japan's National CPI for May came in largely in line with expectations: headline at 1.5% y/y (expected 1.4%, prior 1.4%), core ex-fresh food at 1.4% y/y (in line with expectations), and core-core (ex food and energy) at 1.8% y/y, slightly below the 1.9% forecast and the slowest reading since September 2022. The data reflects a modest deceleration in underlying inflation pressure. No single company or equity ticker is implicated; this is a macro data release.

  Sentiment 0.00Sim 91%
• Forexlive6/18/2026, 8:14:15 PM
  Japanese inflation data on the economic and event calendar in Asia, Friday, June 19, 2026

  Japan's May CPI data is due Friday, June 19, with headline and core inflation having remained below the BoJ's 2% target for four consecutive months. The release follows the BoJ's rate hike earlier in the week and will be accompanied by BoJ minutes from the April meeting. Liquidity is expected to be thin with Hong Kong, China, and the US all closed.

  Sentiment 0.00Sim 87%
• Forexlive6/9/2026, 11:54:26 PM
  Japan data: May PPI 6.3% y/y (expected 5.5%) and 0.9% m/m (expected 0.5%)

  Japan's May 2026 Producer Price Index (PPI/CGPI) came in at 6.3% year-over-year, significantly above the 5.5% consensus estimate and up from 4.9% prior. The month-over-month reading of 0.9% also beat the 0.5% expectation. The hotter-than-expected wholesale inflation data reinforces expectations for a potential Bank of Japan rate hike.

  Sentiment 0.00Sim 86%
• Forexlive5/28/2026, 11:32:41 PM
  Tokyo May CPI data: Headline, core, and core-core all rise more slowly than in April

  Tokyo's May 2026 CPI data showed headline, core, and core-core inflation all rising at a slower pace than in April. Core-core inflation, which excludes food and energy, posted its slowest rate since September 2024. The data signals a potential easing of inflationary pressure in Japan.

  Sentiment -0.10Sim 89%
• Forexlive5/28/2026, 8:16:23 PM
  Economic and event calendar in Asia Friday, May 29, 2026 - Japan inflation (Tokyo, May)

  Japan's Tokyo CPI data for May 2026 is due, with core CPI (ex-fresh food) forecast at +1.5% year-on-year, matching April's four-year low. All three main CPI measures fell below the Bank of Japan's 2% target in April for the first time since October 2024, and that softness is expected to persist into May. Tokyo CPI is closely watched as a leading indicator for national inflation, with the nationwide figure typically released ~3 weeks later.

  Sentiment 0.00Sim 92%
• Forexlive5/21/2026, 11:31:51 PM
  Japan Core inflation rate 1.4% y/y vs. 1.7% expected

  Japan's April CPI came in well below expectations across all measures: headline at 1.4% (vs. 1.6% expected), core CPI ex-fresh food at 1.4% — the slowest since March 2022 — and core-core CPI at 1.9% vs. 2.2% expected. The broad-based miss reduces near-term pressure on the Bank of Japan to raise interest rates.

  Sentiment -0.20Sim 89%
• Forexlive4/30/2026, 8:28:01 PM
  Economic & event calendar in Asia, May 1, 2026 - Japan (tokyo) inflation, China holiday

  Asia's May 1 economic calendar features Tokyo-area CPI data for April from Japan and the start of a 5-day holiday in China (markets closed until May 6). Yen traders are also digesting the aftermath of a reported Japanese FX intervention that pushed USD/JPY down from the 160 level.

  Sentiment 0.00Sim 88%