{"id":39492,"date":"2022-12-23T07:37:00","date_gmt":"2022-12-23T07:37:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=39492"},"modified":"2022-12-23T17:12:00","modified_gmt":"2022-12-23T17:12:00","slug":"morning-brief-yen-lower-due-to-cpi-number","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-yen-lower-due-to-cpi-number\/","title":{"rendered":"Morning Brief &#8211; Yen lower due to CPI number"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"39492\" class=\"elementor elementor-39492\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72a675c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72a675c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-317304f\" data-id=\"317304f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a9f56fd elementor-widget elementor-widget-text-editor\" data-id=\"a9f56fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">Japanese yen currency<\/a> moved lower today due to the fact that Japan\u2019s inflation reading for November came in higher than most people had been predicting.<\/p><p>The annual inflation rate in Japan edged up to 3.8% in November 2022 from 3.7% a month earlier, pointing to the highest reading since January 1991, amid high prices of imported raw commodities and persistent yen weakness.<\/p><p>On a monthly basis, consumer prices went up 0.3% in November, slowing from a 0.6% gain in October which was the steepest increase since April 2014.<\/p><p>Core consumer prices increased by 3.7% year-on-year, the most since December 1981, matching market forecasts but above the Bank of Japan&#8217;s 2% target for an eighth straight month.<\/p><p>Upward pressure came from all components: food (6.9% vs 6.2% in October); housing (1.2% vs 1.1%); fuel, light, and water charges (14.1% vs 14.6%), mainly electricity (20.1% vs 20.9%) and gas (21.0% vs 20.0%); transport &amp; communication (1.6% vs 2.0%); medical (0.3% vs 0.2%), furniture &amp; household utensils (7.3% vs 6.9%); clothes (2.7% vs 2.5%), education (0.7% vs 0.7%), and miscellaneous (0.9% vs 0.8%).<\/p><p>The release of the Bank of Japan meeting minutes also gave no hint that the central bank would be making any major changes in policy during the January meeting.<\/p><p>Members agreed must maintain current easy policy to hit price target stably, sustainably. One member said effect of BOJ&#8217;s easing may be heightening as moderate increase in inflation expectations push down real interest rates.<\/p><p>Additionally, one member said rise in nominal wages crucial for inflation to stably hit 2%, while a few members said ill-timed policy tweak could disrupt positive inflation-wage spiral.<\/p><p>One voting member said while there is no immediate need to tweak policy, BOJ must keep eye out on side-effects of easing, examine how rising prices would affect households&#8217; behaviour and wages<\/p><p>A few members said BOJ must be mindful of how future interest rate rise may affect mortgage loans. The minutes also said recent sharp yen falls heightening uncertainty for firms, have many demerits for Japan\u2019s economy.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Japanese yen currency moved lower today due to the fact that Japan\u2019s inflation reading for November came in higher than most people had been predicting. The annual inflation rate in Japan edged up to 3.8% in November 2022 from 3.7% a month earlier, pointing to the highest reading since January 1991, amid high prices [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":39494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[80,421,101,270],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Brief - Yen lower due to CPI number - Youtrading UK<\/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:\/\/youtrading.com\/en\/morning-brief-yen-lower-due-to-cpi-number\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Yen lower due to CPI number Morning Brief - Yen lower due to CPI number\" \/>\n<meta property=\"og:description\" content=\"The Japanese yen currency moved lower today due to the fact that Japan\u2019s inflation reading for November came in higher than most people had been predicting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-yen-lower-due-to-cpi-number\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-23T07:37:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-23T17:12:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/12\/GettyImages-1392128355.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"724\" \/>\n\t<meta property=\"og:image:height\" content=\"417\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - Yen lower due to CPI number Morning Brief - Yen lower due to CPI number\" \/>\n<meta name=\"twitter:description\" content=\"The Japanese yen currency moved lower today due to the fact that Japan\u2019s inflation reading for November came in higher than most people had been predicting.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-yen-lower-due-to-cpi-number\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-yen-lower-due-to-cpi-number\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief &#8211; 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