Japan national March 2026 Core CPI 1.8% y/y (vs. expected 1.8%, prior 1.6%)

Japan inflation data for March 2026.

  • Headline rate 1.5% y/y (prior 1.3%)
  • Core CPI (Ex-Food) 1.8% y/y (vs. expected 1.8%, prior 1.6%)
  • Core-core CPI (Ex-Food & Energy) 2.4% y/y (prior 2.5%), slowest rise since December 2024

I’ll post separately on details and BOJ/yen implications. Added, more here:

  • Japan core inflation holds at 1.8% but energy shock threatens renewed surge

A few weeks ago we had March Tokyo CPI:

  • Tokyo inflation cools further but underlying price pressures remain intact

This article was written by Eamonn Sheridan at investinglive.com.

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