JPY live macro board

Japan Macro Data Board

Japanese yen — the leading funding currency and a global safe haven.

The Japanese yen (JPY) is the official currency of Japan and the third-most-traded currency in the world. It is widely used as a funding currency in carry trades thanks to historically low Japanese interest rates, and tends to strengthen during global risk-off episodes.

Open USD/JPY dashboard Latest readings Release calendar Japan bond yields Japan indicators API coverage

Japan latest macro readings

A scan-ready view of the main JPY indicators, linking each series to its country page, latest announcement, and API endpoint.

Indicator Latest Previous Change Updated Source Links
Central Bank Policy Rate
Monetary Policy
 1 0.75 +0.25 2026-06-16 Bank of Japan Page /Release /API
Inflation Rate (CPI/HICP)
Economy
 1.5 1.4 +0.1 2026-06-25 Statistics Bureau Page /Release /API
Core Inflation
Economy
 1.4 1.4 0 2026-06-25 Statistics Bureau Page /Release /API
Producer Price Index (PPI)
Economy
 7.1 6.6 +0.5 2026-07-11 Statistics Bureau Page /Release /API
Gross Domestic Product (GDP) Growth
Economy
 593.219 590.546 +2.673 2026-05-15 Cabinet Office Page /Release /API
Unemployment Rate
Labor Market
 2.6 2.7 -0.1 2026-06-30 Statistics Bureau Page /Release /API
Trade Balance
Economy
 3,957.06 8,305.18 -4,348.12 2026-06-20 Ministry of Finance Page /Release /API
Retail Sales
Economy
 13,410.00 13,309.00 +101 2026-06-28 Statistics Bureau Page /Release /API
10-Year Government Bond Yield
Government Bond Yields
 2.71 2.72 -0.01 2026-07-17 Ministry of Finance Page /Release /API
Business Confidence
Economy
 49.75 51 -1.25 2026-06-11 Bank of Japan Page /Release /API
Consumer Confidence
Economy
 33.8 33.6 +0.2 2026-07-01 National Statistics Office Page /Release /API
Current Account Balance
Economy
 39,682.54 39,078.48 +604.06 2026-07-08 Ministry of Finance Page /Release /API

Japan release calendar

Upcoming and recent macro events for the JPY country view.

Top tier
Inflation Rate (CPI/HICP) Japan Statistics Bureau release schedule

Inflation (CPI)

Latest
1.5
Prior
1.4
Open series
Top tier
Employment Level Japan Statistics Bureau release schedule

Employment

Latest
68,900,000.00
Prior
3,735.00
Open series
Top tier
Retail Sales METI List of the day of Presentation

Retail Sales

Latest
13,410.00
Prior
13,309.00
Open series
Tier 2
Current Account Balance Ministry of Finance Japan Balance of Payments release schedule

Current Account Balance

Latest
39,682.54
Prior
39,078.48
Open series
Tier 2
Trade Balance Ministry of Finance Japan Balance of Payments release schedule

Trade Balance

Latest
3,957.06
Prior
8,305.18
Open series

JPY currency market profile

Core identifiers, trading context, and product links for the JPY market.

Currency code
JPY

Japanese Yen

Policy institution
Bank of Japan

Primary central-bank or monetary authority reference.

Primary USD pair
USD/JPY

Fast path into the FX pair dashboard and market profile.

Trading session
Tokyo

Approximate primary liquidity window used across FXMacroData pages.

Symbol
¥

Display symbol used in product surfaces.

Also known as
yen

Common market shorthand where available.

Japan macro brief

The highest-signal pages for Japan include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Producer Price Index (PPI), with each page linking back to the source metadata, release history, and API endpoint.

The Bank of Japan (BoJ) Policy Board holds eight Monetary Policy Meetings per year and targets 2% CPI inflation. After decades of unconventional policy — zero rates, QQE, yield-curve control — the BoJ has been gradually normalising, and JGB yields and the BoJ's rate guidance are closely watched globally.

For JPY research, combine the country-level release map with the USD/JPY dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.

What to watch
  • BoJ Monetary Policy Meeting decision and Outlook Report.
  • Japan national CPI and Tokyo CPI advance reading.
  • Tankan survey (quarterly) and machinery orders.
  • MoF FX intervention statements and reserves data.
  • US 10-year Treasury yield (key cross-market driver).

Japan source map

Publisher groups represented in the checked-in coverage catalogue for this market.

Bank of Japan 12 series
Ministry of Finance 10 series
Statistics Bureau 9 series
National Statistics Office 2 series
Cabinet Office 1 series
RBA 1 series
Central Bank 1 series

Japan coverage by category

The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.

Economy 11 / 11
Labor Market 5 / 5
Money & Credit 3 / 3
Monetary Policy 4 / 4
Government Bond Yields 9 / 9
Additional Indicators 4 / 4

Key Japan indicators

Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~8x/year % Starts 2006-07-14 Monetary Policy
Open page

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Monthly %YoY Starts 2000-01-31 Economy
Open page

Core Inflation

CPI excluding volatile items like food and energy.

Published page Monthly %YoY Starts 2000-01-31 Economy
Open page

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Monthly %YoY Starts 2000-01-31 Economy
Open page

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly JPY tn Starts 2000-03-31 Economy
Open page

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Monthly % Starts 2000-01-31 Labor Market
Open page

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly JPY bn Starts 2000-01-31 Economy
Open page

Retail Sales

Measures change in the total value of sales at the retail level.

Published page Monthly JPY bn Starts 2000-01-31 Economy
Open page

Published Japan indicator pages

Filter by indicator name, source, cadence, or category.

Economy 11 pages

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Quarterly Index (0-100 normalized) Starts pending
Country page Country list

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Monthly Index (0-100 normalized) Starts 2000-03-31
Country page Country list

Core Inflation

CPI excluding volatile items like food and energy.

Monthly %YoY Starts 2000-01-31
Country page Country list

Current Account Balance

Measures trade in goods and services and income flows.

Monthly JPY bn Starts 2000-01-31
Country page Country list

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly JPY tn Starts 2000-03-31
Country page Country list

Housing Starts

Number of new residential construction projects that have begun in a given period, a key indicator of economic activity and construction sector health.

Monthly Thousands (SAAR) Starts 2000-01-31
Country page Country list

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Starts 2000-01-31
Country page Country list

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Starts 2000-01-31
Country page Country list

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly JPY bn Starts 2000-01-31
Country page Country list

Trade Balance

The difference between the value of a country's exports and imports.

Monthly JPY bn Starts 2000-01-31
Country page Country list

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Starts 2000-01-31
Country page Country list
Labor Market 5 pages

Full-Time Employment

Number of persons employed full-time.

Monthly Persons Starts 2013-01-31
Country page Country list

Part-Time Employment

Number of persons employed part-time.

Monthly Persons Starts 2013-01-31
Country page Country list

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Monthly % Starts 2000-01-31
Country page Country list

Unemployment Rate

Percentage of the labor force that is unemployed.

Monthly % Starts 2000-01-31
Country page Country list
Money & Credit 3 pages

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly JPY tn Starts 2003-04-30
Country page Country list

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly JPY tn Starts 2003-04-30
Country page Country list

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly JPY tn Starts 2003-04-30
Country page Country list
Monetary Policy 4 pages

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Weekly JPY tn Starts 2000-01-31
Country page Country list

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Monthly USD bn Starts 2000-05-31
Country page Country list

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~8x/year % Starts 2006-07-14
Country page Country list
Government Bond Yields 9 pages
Additional Indicators 4 pages

Tracked Japan data catalogue

Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.

Economy 11 tracked

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Published page Quarterly Bank of Japan Starts pending
Country page Compare countries

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Published page Monthly National Statistics Office Starts 2000-03-31
Country page Compare countries

Core Inflation

CPI excluding volatile items like food and energy.

Published page Monthly Statistics Bureau Starts 2000-01-31
Country page Compare countries

Current Account Balance

Measures trade in goods and services and income flows.

Published page Monthly Ministry of Finance Starts 2000-01-31
Country page Compare countries

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly Cabinet Office Starts 2000-03-31
Country page Compare countries

Housing Starts

Number of new residential construction projects that have begun in a given period, a key indicator of economic activity and construction sector health.

Published page Monthly National Statistics Office Starts 2000-01-31
Country page Compare countries

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Monthly Statistics Bureau Starts 2000-01-31
Country page Compare countries

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Monthly Statistics Bureau Starts 2000-01-31
Country page Compare countries

Retail Sales

Measures change in the total value of sales at the retail level.

Published page Monthly Statistics Bureau Starts 2000-01-31
Country page Compare countries

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly Ministry of Finance Starts 2000-01-31
Country page Compare countries

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Published page Monthly Bank of Japan Starts 2000-01-31
Country page Compare countries
Labor Market 5 tracked

Full-Time Employment

Number of persons employed full-time.

Published page Monthly Statistics Bureau Starts 2013-01-31
Country page Compare countries

Part-Time Employment

Number of persons employed part-time.

Published page Monthly Statistics Bureau Starts 2013-01-31
Country page Compare countries

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Published page Monthly Statistics Bureau Starts 2000-01-31
Country page Compare countries

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Monthly Statistics Bureau Starts 2000-01-31
Country page Compare countries
Money & Credit 3 tracked

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Published page Monthly Bank of Japan Starts 2003-04-30
Country page Compare countries

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Published page Monthly Bank of Japan Starts 2003-04-30
Country page Compare countries

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Published page Monthly Bank of Japan Starts 2003-04-30
Country page Compare countries
Monetary Policy 4 tracked

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Published page Weekly Bank of Japan Starts 2000-01-31
Country page Compare countries

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Published page Monthly Bank of Japan Starts 2000-05-31
Country page Compare countries

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~8x/year Bank of Japan Starts 2006-07-14
Country page Compare countries
Government Bond Yields 9 tracked
Additional Indicators 4 tracked

JPY market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

BoJ policy rate, JGB yield-curve guidance, and forward guidance from the Governor.

Driver 2

US-Japan 10-year yield differential, the dominant driver of USD/JPY.

Driver 3

Risk sentiment and global equity volatility (VIX).

Driver 4

Japan CPI excluding fresh food and energy ('core-core').

Driver 5

MoF FX intervention rhetoric and balance-of-payments flows.

Driver 6

Tankan survey, industrial production, and machinery orders.

JPY questions traders ask

Currency-specific context that helps interpret the country data before moving into endpoints or dashboards.

Why is the yen considered a safe-haven currency?

Japan runs a large net international investment position, has a deep and liquid government bond market, and households hold significant overseas assets. In risk-off episodes, Japanese investors repatriate capital and carry-trade unwinds reverse, both of which support the yen.

What is yield-curve control?

Yield-curve control (YCC) is a monetary-policy tool the Bank of Japan introduced in 2016 in which it targeted both a short-term policy rate and a specific yield level for 10-year JGBs. The YCC framework has been progressively unwound as the BoJ has moved towards normalisation.

What is a JPY carry trade?

A carry trade involves borrowing in a low-yielding currency (historically the yen) and investing in a higher-yielding asset abroad. The strategy earns the interest-rate differential as long as the funding currency does not appreciate sharply.

Explore other countries

Move laterally into another country hub while keeping the same indicator-first structure.

Argentina (ARS) Australia (AUD) Bolivia (BOB) Brazil (BRL) Canada (CAD) Chile (CLP) China (CNY) Colombia (COP) Czechia (CZK) Denmark (DKK) Eurozone (EUR) Hong Kong (HKD) Hungary (HUF) Iceland (ISK) India (INR) Indonesia (IDR)