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| Indicator | Current Value (April 2024) | YoY Change | Market Interpretation | |-----------|----------------------------|-----------|-----------------------| | | ¥540 trillion (annualized) | +0.7 % | Modest growth; still below pre‑COVID trend line | | Core CPI | 2.6 % (annual) | +0.2 pp | Inflation edging toward BOJ’s 2 % target | | Current‑Account Surplus | ¥24 trillion | +8 % | Strong export demand, especially in tech and automotive | | Unemployment | 2.4 % | –0.1 pp | Near historic lows, supporting wage growth | | BOJ Policy Rate | -0.10 % (negative) | Unchanged | Policy still ultra‑accommodative | yensyfrp.blogspot.com

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