Another day, another leap to a fresh 34-year peak. Is there anything that will stop the Japanese equity juggernaut?
There isn’t much on the Asian economic and policy calendar to give markets a steer on Tuesday – volume will pick up as U.S. markets reopen after the Monday holiday – but Japanese producer price figures could give Japan bulls pause for thought.
Or the green light for another whoosh higher.
The consensus view in a Reuters poll of economists suggests the year-on-year disinflation in the country’s goods-producing sector seen over the last year flipped into outright deflation in December.
The annual rate of goods inflation is expected to fall to -0.3 percent in December from 0.3 percent in November, sliding below zero for the first time since February 2021. A year ago in December 2022, prices were rising at a 10.2 percent annual rate.
