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Japan's Consumer Prices Flat, Industrial Output Jumps

Japan's core consumer prices unchanged from a year earlier, marking the first time in seven months, prices have stopped declining, while industrial output soared past forecast data showed on Friday.
Consumer price index (CPI) was flat, following the April fell 0.4%, compared with last year.
As a leading price indicator for economic, released in Japan, a month ahead of the overall data, Tokyo core CPI, in June rose 0.2 percent from a year earlier.
Industrial output grew by 2% in May from a month ago, Reuters forecast to 0.2% over the past month on month rise, up 0.9% over April, better flowing.
In other Japanese data released on Friday, retail sales rose 0.8% in May from a year ago compared to a revised 0.2% decline in April.
Unemployment rate remained steady at 4.1% in May, the best level in nearly five years of availability, improve work.
According to analysts, the data showed Japan's economy continues to rebound, increasing argument, radical economic stimulus plans to revive the economy, led by Prime Minister Shinzo Abe (Shinzo Abe) and is known as "Abenomics", "work.
"We have better employment market data, better production figures, and even consumer prices rise, so the data side, today (Friday) Japan is a pretty good day," Principal and Chief Economist, said Takuji Okubo, Japanese macro consultant, who believes the momentum can be sustained.
"Yen began to depreciate again and help Japanese exporters abroad, we do not think Japan will have a good data in the next six months or so," he said.
The most disappointing performance from household spending fell 1.6 percent compared with the same period last year, an increase of 1.3% in May compared to Reuters consensus, reflecting a significant miss.
Newedge senior director George Dodd said that these data will be closely watched Tankan survey in Japan on Monday, as banks set the mood.
Household spending figures are a bit of trouble, frankly, an upcoming Tankan survey of capital expenditure, there is a relevant, "he said."
 



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