Japan Core CPI Rises 2.2% on-year in March

Japan’s core consumer price index (CPI) for March rose 2.2 percent from a year earlier, topping expectations for a 2.1 percent rise from a Reuters poll.

Excluding the effects of the consumption sales tax hike in April, the nationwide consumer price index (CPI) rose 0.2 percent, above expectations for a 0.1 percent rise. It was flat in February for the first time since May 2013.

Household spending in March fell 10.6 percent from a year earlier, a narrower fall than the 12.1 percent forecast in a poll of analysts by Reuters. It fell 2.9 percent in February. Japan’s jobless rate declined to 3.4 percent in March, compared with February’s 3.5 percent, coming in slightly better than a 3.5 percent forecast from a Reuters poll.