Japanese Consumer Prices Are Expected to Have Risen Slightly in September
Japan will release its important economic data next week. The finance ministry will publish the trade data on October 18 and the government will publish the CPI data on October 19. Analysts say, that there have been no clear signs of adverse effects on Japan's exports from the escalating US-China trade conflict so far.
According to analysts’ forecasts, Japan’s exports are expected to increase 1.9% yoy in September, after rising 6.6 % in August. Imports are projected to grow by 13.7% yoy in September, amid higher oil prices. The trade deficit is forecast at 50.0 billion yen ($445 million).
The nationwide core consumer price index (CPI), which excludes fresh food prices but includes fuel costs, is expected to increase by 1.0% yoy in September and up slightly from 0.9% in August. Japanese consumer prices rose in August for the 20th month in a row.
Last month, Japan and the United States agreed to start fresh trade talks, with Washington agreeing to put any new tariffs on auto imports on hold while talks were underway.