Japan CPI up 0.1% in May

Japan’s core consumer price index (CPI) rose 0.1 percent on-year in May, just a tad above expectations. The unemployment rate was steady at 3.3 percent in May, while household expenditures rose 4.8 percent on-year, above expectations.

CPI had been expected to remain flat from a year earlier, after rising 0.3 percent in April, according to a Reuters poll. The unemployment rate was expected to remain at 3.3 percent in May, while household expenditure were expected to rise 3.4 percent on-year, according to a Reuters poll.

The Japanese yen held flat at 123.59 against the U.S. dollar after the data.

CNBC

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.