Japanese inflation data ahead of the Bank of Japan announcement due later
National CPI y/y for June, -0.4%
- expected -0.4%, prior was -1.1%
National CPI y/y excluding Fresh Food for June, -0.5%
- expected -0.4%, prior was -0.4%
National CPI excluding Food, Energy y/y for June, 0.4%
- expected 0.5%, prior was 0.6%
Tokyo CPI y/y for July, -0.4%
- expected -0.5%, prior was -0.5%
Tokyo CPI excluding Fresh Food y/y for July, -0.4 %
- expected -0.4%, prior was -0.5%
Tokyo CPI excluding Food, Energy y/y for July, 0.3%
- expected 0.3%, prior was 0.4%
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What jumps out is the:
National CPI excluding Food, Energy y/y for June, 0.4%
- expected 0.5%, prior was 0.6%
(This excluding Food, Energy is referred to as the' core-core' inflation rate, its very similar to the 'core' inflation rate used in the US)
A miss, and below previous result, and still far, far from the Bank of Japan's 2% target.
Not good news for the Bank of Japan, and it boosts the chances we will see more easing from them today
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
