Asian Markets Are Trading Higher After The Japanese Data

 Most Asian markets are trading in the green zone on Friday, after Japan’s data on inflation, unemployment, industrial output and retail, and the report that the US will exempt Japan from customs duties 25% on car imports.

Japan’s inflation rose 1.3% year-on-year in September

Japan’s inflation rose 1.3 percent in September from the same month a year earlier, according to a report by the statistics office of the Ministry of Home Affairs and Communications on Friday. On a monthly basis, the Consumer Price Index (CPI) has not changed on a seasonally adjusted basis. Excluding fresh food, the index rose by 1.0% y / y and 0.1% y / y, while excluding fresh food and energy, prices rose by 0.7% pa and remained unchanged on a monthly basis.

Commodity prices rose by 2.2% per annum and 1.1% per month, while services prices rose by 0.5% year-on-year, but fell 0.6% from May. Food CPI rose 2.3% year-on-year and 0.7% monthly. House prices rose 0.3% since August 2017 and rose 0.1% from the previous month. Fuel, light and water charges rose 3.6% y / y, while rising 0.6% m / m.

Unemployment rate in Japan August 2.4%

The seasonally adjusted unemployment rate in Japan in August was 2.4 percent, slightly higher than the 2.5 percent in July, the country’s Ministry of Health, Labor and Welfare said on Friday.

The number of people who found jobs in August rose 1.7% YoY. The number of unemployed fell by 10.1% from the previous year.

The ratio of jobs to applications was 1.63, as expected, unchanged from the previous month.

Asian stocks trading