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The Tokyo stock market moved little at the end of the session, for a weekly assessment of the index Nikkei 225 negative by about 1%.
Lo Japanese yen tonight went beyond the psychological threshold of 150 to the dollar, for the first time in two and a half months also due to the indications received yesterday from the United States economy
Japanese inflation slowed in September for the first time in five months.
The Ministry of Internal Affairs said that consumer prices, excluding fresh food, increased by +2.4% compared to a year earlier, slowing down compared to +2.8% in August, as government subsidies for Utilities have cushioned the impact of ongoing inflation.
The result was slightly higher than the consensus estimate of +2.3%.
“If subsidies are extended, the CPI will fall, but it will not have an impact on price developments per se,” said Yoshiki Shinke, senior economist at research institute Dai-Ichi Life.
Falling electricity and gas prices pushed the indicator lower, with government subsidies reducing it by 0.55 percentage points.
Service prices, seen by the Bank of Japan as a key measure to examine price trends, rose 1.3% from a year earlier, slowing from 1.4% in August.
Effect
Technical Analysis. The long-term setting of the Nikkei 225 remains firmly bullish, even if a lateral movement prevails in the last year…
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