Japan on Friday released a mixed bag of economic data, which have been closely-watched ahead of the country’s first sales tax hike in 17 years that goes into effect next week.
The nationwide core consumer price index rose for a ninth straight month in February, up 1.3 percent from the year-ago period, in line with forecast by analysts polled by Reuters.
Meanwhile, the forward-looking Tokyo core consumer price index climbed 1 percent in March from the year before, slightly higher than a Reuters forecast for a 0.9 percent rise.
Household spending fell 2.5 percent in February year on year, short of the Reuters forecast for a 0.1 percent increase.
Retail spending surprised on the upside though, gaining 3.6 percent in February on year, better than expectations of a 3.2 percent rise.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.