0039 GMT - A fresh set of data from Japan suggests conditions remain in place for further monetary tightening, Capital Economics says. The end-of-month data rush vindicates the Bank of Japan's decision to hike last week, with Tokyo CPI for January backing its view that risks to inflation are tilted up, says economist Marcel Thieliant. Japan's December industrial output rebounded while unemployment fell. Retail sales values declined on month, but CE thinks the BOJ consumption activity index is typically a better guide to consumer spending, and that only fell marginally in 4Q. It sticks to a forecast for a 0.2% on-quarter rise in 4Q GDP and sees inflation ex-fresh food and energy on track to top the BOJ's median forecast for the fiscal year starting in April.(fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 19:39 ET (00:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。