{"id":4951,"date":"2014-02-13T00:00:00","date_gmt":"2014-02-13T00:00:00","guid":{"rendered":"http:\/\/localhost\/test_manager\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/"},"modified":"2019-07-19T08:44:50","modified_gmt":"2019-07-19T08:44:50","slug":"japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up","status":"publish","type":"post","link":"https:\/\/managersoffice.net\/el\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/","title":{"rendered":"Japan’s Consumer Price Inflation"},"content":{"rendered":"

Japan’s consumer price inflation hit a new five-year high in November, a Reuters poll showed in a positive sign of steady progress toward the Bank of Japan’s 2 percent inflation goal.<\/strong><\/p>\n

Household spending rose in November at the fastest annual pace in eight months and job availability rose to a new six-year high, according to the poll, showing that firm consumer spending and an improving labor market are contributing to Japan’s escape from deflation.<\/strong><\/p>\n

Gains in industrial production are expected to slow slightly as companies adjust inventories of goods, but growth is likely to accelerate again soon as domestic demand is healthy and a recovery in overseas economies fuels export demand.<\/strong><\/p>\n

“Consumer spending continues to hold firm, so upward pressure on prices is spreading from energy to other goods,” said economists at Shinkin Central Bank.<\/strong><\/p>\n

“Some people are spending before an increase in the sales tax, but cold weather is also\u00a0helping sales of winter clothes.”<\/strong><\/p>\n

Japan’s core consumer prices rose 1.1 percent in November from a year earlier, according to the median from a Reuters poll of 28 economists. That would mark the fastest growth since prices rose 1.9 percent year-on-year in October 2008<\/strong>.<\/p>\n

\n

HOUSEHOLD SPENDING GAIN<\/span><\/strong><\/p>\n<\/div>\n

Wage earners’ household spending is forecast to rise 1.7 percent in November from a year
\nago, which would be the largest gain since March.<\/h4>\n

Consumer spending has been regaining some momentum as labor demand improves.
\nSome people are also spending more now before an increase in the sales tax in April,to 8
\npercent from 5 percent, makes goods more expensive. Bank of Japan Governor Haruhiko
\nKuroda has said he does not expect the sales tax increase to be an obstacle to reaching
\nthe central bank’s 2 percent inflation target in about two years’ time.<\/h4>\n

Kuroda has expressed concern about slow growth in workers’ base pay, but he also says
\nhe is optimistic as the job market grows tighter due to strong domestic demand.
\nThe jobs-to-applicants ratio is expected to improve yet again to 0.99 in November, meaning
\nalmost one job is available for each job seeker.<\/h4>\n

STRONGER DEMAND FOR WORKERS<\/p>\n

This would be the strongest demand for workers since the ratio was 1.01 in October 2007,
\nas demand for real estate and other services has lead to labor shortages at some
\nnon-manufacturers.<\/p>\n

The jobless rate is expected to edge lower to 3.9 percent in November from 4.0 percent in
\nOctober, according to the poll. Household spending and labor market data will be released
\nat the same time as the consumer price index. Data due out right after the CPI number is
\nalso expected to show industrial output in November rose 0.4 percent from the previous
\nmonth. This would be a slowdown from 1.0 percent growth in October, but economists remain
\noptimistic as there is a lot of evidence that Japan’s domestic demand and exports are firm.<\/p>\n

Overall, the data is forecast to show that Japan’s economy is steadily gaining momentum as
\nconsumers spend more, which should be a boon for Prime Minister Shinzo Abe’s push to end
\n15 years of economic malaise and deflation.<\/p>\n

Financial Dept<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Japan’s consumer price inflationhit a new five-year high in November<\/p>","protected":false},"author":1,"featured_media":7855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[153,1],"tags":[],"yoast_head":"\nJapan's Consumer Price Inflation - Manager's Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/managersoffice.net\/el\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan's Consumer Price Inflation - Manager's Office\" \/>\n<meta property=\"og:description\" content=\"Japan's consumer price inflationhit a new five-year high in November\" \/>\n<meta property=\"og:url\" content=\"https:\/\/managersoffice.net\/el\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Manager's Office\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Managers-Office-131795126893693\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-13T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-19T08:44:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/managersoffice.net\/wp-content\/uploads\/2016\/12\/falg-japan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"193\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ManagersOffice\" \/>\n<meta name=\"twitter:site\" content=\"@ManagersOffice\" \/>\n<meta name=\"twitter:label1\" content=\"\u03b5\u03ba\u03c4\u03b9\u03bc\u03ce\u03bc\u03b5\u03bd\u03bf\u03c2 \u03c7\u03c1\u03cc\u03bd\u03bf\u03c2 \u03b4\u03b9\u03b1\u03b2\u03ac\u03c3\u03bc\u03b1\u03c4\u03bf\u03c2\">\n\t<meta name=\"twitter:data1\" content=\"2 \u03bb\u03b5\u03c0\u03c4\u03ac\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/managersoffice.net\/#organization\",\"name\":\"Manager's Office\",\"url\":\"https:\/\/managersoffice.net\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/Managers-Office-131795126893693\",\"https:\/\/twitter.com\/ManagersOffice\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/managersoffice.net\/#logo\",\"inLanguage\":\"el\",\"url\":\"https:\/\/managersoffice.net\/wp-content\/uploads\/2021\/01\/MOFLogoSEO.jpg\",\"width\":160,\"height\":160,\"caption\":\"Manager's Office\"},\"image\":{\"@id\":\"https:\/\/managersoffice.net\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/managersoffice.net\/#website\",\"url\":\"https:\/\/managersoffice.net\/\",\"name\":\"Manager's Office\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/managersoffice.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/managersoffice.net\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"el\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/managersoffice.net\/el\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/#primaryimage\",\"inLanguage\":\"el\",\"url\":\"https:\/\/managersoffice.net\/wp-content\/uploads\/2016\/12\/falg-japan.jpg\",\"width\":300,\"height\":193},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/managersoffice.net\/el\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/#webpage\",\"url\":\"https:\/\/managersoffice.net\/el\/japan-inflation-seen-at-five-year-high-as-consumer-spending-picks-up\/\",\"name\":\"Japan's Consumer Price Inflation - 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