Japan's Consumer Price Index Rises 2% in January, Slower Than Previous Month

Japan's consumer price index, excluding fresh food, rose 2% in January compared to the same month last year, marking a slowdown from the previous month's 2.4% increase. This is the first time the inflation rate has been exactly 2% since January two years ago.

20 Feb, 00:06 — 20 Feb, 00:14

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Why this matters

Japan has historically battled deflation, making the Bank of Japan's (BOJ) 2% inflation target a crucial benchmark for economic stability and growth. A slowing inflation rate, or one falling below the target, can influence the BOJ's monetary policy decisions, potentially impacting interest rates, currency strength, and the overall economic outlook.

Key entitiesBank of Japan (BOJ)Japanese Government Bonds (JGBs)Japan

The Story

What 3 sources agree on, dispute, and miss

What sources agree on

Japan's Consumer Price Index rose in January.
The rate of increase in Japan's CPI for January was slower than the previous month.

Key claims1 agreed · 1 disputed · 3 unverified

✗

Japan's Consumer Price Index (excluding fresh food) rose 2% in January compared to the same month last year.

disputed·NHK World

Disputed bycnbc

CNBC reports the January inflation figure as 1.5%.

Japan's inflation rate in January was 1.5%.

unverified·cnbc

✓

The rise in Japan's Consumer Price Index in January was slower than the previous month.

agreed·NHK Worldwsj

Japan's inflation has fallen below the Bank of Japan's 2% target.

unverified·cnbc

Japanese Government Bonds (JGBs) rose, aided by slowing inflation.

unverified·wsj

Where they diverge

Reported January CPI figure and its relation to the BOJ's 2% target

NHK World

NHK reports the CPI (excluding fresh food) rose 2% year-on-year, stating this is the first time since January 2022 it has been exactly 2%.

cnbc

CNBC reports the inflation figure as 1.5%, framing it as falling below the Bank of Japan's 2% target for the first time since March 2022.

Coverage gaps

The specific detail that the CPI figure excludes fresh food.

ReportedNHK World

Missingwsjcnbc

The reaction of Japanese Government Bonds (JGBs) to the slowing inflation.

Reportedwsj

MissingcnbcNHK World

The historical context that the inflation rate has been above the Bank of Japan's 2% target for 45 straight months.

Reportedcnbc

MissingwsjNHK World

The Story

Analyzing sources…

Source Diversity

High (51/100)

3 sources25/33

Spectrum spread— 3/5 buckets covered17/33

Far L

Left1

Left (1)

cnbc

Center1

Center (1)

NHK World

Right1

Right (1)

wsj

Far R

Geographic diversity— 2 regions9/34

US2Japan1

Sources

Showing 2 of 3 sources

wsjHigh196d ago

JGBs Rise, Aided by Slowing Inflation in Japan - The Wall Street Journal

JGBs Rise, Aided by Slowing Inflation in Japan The Wall Street Journal

Read full article →

cnbcMostly Factual196d ago

Japan inflation falls below BOJ's 2% target for first time since March 2022

The 1.5% figure ended a run of 45 straight months that the inflation rate has been above the Bank of Japan's 2% target.

Read full article →

Coverage Timeline

First report: NHK World · 19 Feb, 23:51|Full coverage: 3 · 23m|Window: 23m

Left-leaningCenterRight-leaning

NHK World19 Feb, 23:51First to report

1月消費者物価指数去年同月比2％上昇上昇率は前月より縮小

cnbc20 Feb, 00:06

Japan inflation falls below BOJ's 2% target for first time since March 2022

wsj20 Feb, 00:14Latest update

Japan's Consumer Price Index Rises 2% in January, Slower Than Previous Month

Why this matters

The Story

What sources agree on

Key claims1 agreed · 1 disputed · 3 unverified

Where they diverge

Coverage gaps

The Story

Source Diversity

Source Diversity

Sources

JGBs Rise, Aided by Slowing Inflation in Japan - The Wall Street Journal

Japan inflation falls below BOJ's 2% target for first time since March 2022

Coverage Timeline

1月消費者物価指数去年同月比2％上昇上昇率は前月より縮小

Japan inflation falls below BOJ's 2% target for first time since March 2022

JGBs Rise, Aided by Slowing Inflation in Japan - The Wall Street Journal

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Why this matters

The Story

What sources agree on

Key claims1 agreed · 1 disputed · 3 unverified

Where they diverge

Coverage gaps

Coverage matrix

Japan's Consumer Price Index Rises 2% in January, Slower Than Previous Month

Why this matters

The Story

What sources agree on

Key claims1 agreed · 1 disputed · 3 unverified

Where they diverge

Coverage gaps

The Story

Source Diversity

Source Diversity

Sources

JGBs Rise, Aided by Slowing Inflation in Japan - The Wall Street Journal

Japan inflation falls below BOJ's 2% target for first time since March 2022

Coverage Timeline

1月 消費者物価指数 去年同月比2％上昇 上昇率は前月より縮小

Japan inflation falls below BOJ's 2% target for first time since March 2022

JGBs Rise, Aided by Slowing Inflation in Japan - The Wall Street Journal

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Dutch Central Bank Relocates Gold Reserves From U.S. Amid Geopolitical Concerns

FTSE Russell Adds Ten Nigerian Companies to Frontier Market Index

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Jet2 Upgrades to London Stock Exchange Main Market After Strong Summer

Why this matters

The Story

What sources agree on

Key claims1 agreed · 1 disputed · 3 unverified

Where they diverge

Coverage gaps

Coverage matrix

1月消費者物価指数去年同月比2％上昇上昇率は前月より縮小