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March 03, 2017JAPAN CPI INFLATION, JANUARY 2017 
Japanese prices posted their fourth consecutive year-over-year gain in January, rising by 0.5 per cent in the last 12 months. Slow inflation in Japan from mid-2015 to mid-2016 has largely been caused by the decline in energy prices. With energy prices (and the foreign exchange rate) now stabilizing at new levels, energy is less of a drag on Japanese prices. Food price growth remains positive at 1.8 per cent. However, outside the influence of food and energy, underlying inflation in Japan has slowed to 0.1 per cent.
Japanese inflation has been persistently below inflation reported in Canada and Nova Scotia for much of the last two years. Stabilizing energy prices are a global phenomenon and with it, inflation is returning across many advanced economies - including Japan and Canada.
Japan Statistics Bureau - Consumer Price Index
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