Japan's Inflation Data in Focus After BOJ's Policy Tweak


George Lam


August 13, 2023



Min Read

TC Economic Insight - The Week Ahead (August 14-18)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of August 14-18:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

Two weeks ago the Bank of Japan (BOJ) surprised global markets by tweaking its monetary policy, allowing the 10-year Japanese Government Bond (JGB) yield to rise to 1.0%, compared to 0.5% previously.

Investors will therefore follow closely Japan’s inflation data going forward in order to gauge the BOJ’s next move.

According to Trading Central's "Economic Insight", Japan’s Inflation Rate (to be release on Friday, August 18) is expected to rise to 3.4% on year in July.

In the past 12 Japan Inflation Rate Reports, USD/JPY rose in 58% of times (7 out of 12 reports) within one hour from the report’s release, marking a trading range of 27.02 pips on average.

Other key economic data include:

Monday (August 14)

Germany Industrial Production (June) expected to drop 0.2% on month.

Tuesday (August 15)

Japan GDP (2Q) expected to grow annualized 3.2% on quarter.

China Industrial Production (July) expected to grow 4.7% on year. 

China Retail Sales (July) to increase 3.6% on year.

UK Jobless Rate (June) expected unchanged at 4%.

Germany ZEW Economic Sentiment Index (August) to drop to -16

U.S. Retail Sales (July) expected to grow 0.3% on month.

U.S. New York State Manufacturing Index (August) to rise to 4.0.

Canada Inflation Rate (July) expected to stay at 2.8% on year.

Wednesday (August 16)

New Zealand Central Bank expected to keep its key rate steady at 5.50%.

Eurozone Industrial Production (June) expected to shrink 0.6% on month.

U.S. Housing Starts (July) expected to increase 1.7% on month.

U.S. Industrial Production (July) to grow 0.2% on month.

U.S. Fed to release latest Policy Meeting Minutes.

Thursday (August 17)

Japan Machinery Orders (June) expected to grow 0.3% on month.

Japan Exports (July) to be up 0.3% on year.

Australia Jobless Rate expected to be stable at 3.5%.

U.S. Philadelphia Fed Manufacturing Index (August) to improve to -8.0.

U.S. Initial Jobless Claims (August 12)  to decline to 241,000.

U.S. Conference Board Leading Index (July) expected to drop 0.4% on month.

Friday (August 18)

Japan Inflation Rate (July) expected to edge up to 3.4% on year.

U.K. Retail Sales (July) to rise 0.3% on month.

Canada Producer Prices (July) expected to fall 3.1% on month.


Happy Trading!

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
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