Inflation data from Japan for October (& November, Tokyo)
National CPI 0.3% y/y for October,
- expected 0.2%, prior was 0.0%
National CPI -0.1% y/y excluding Fresh Food
- expected -0.1%, prior was -0.1%
National CPI excluding Food, Energy 0.7% y/y
- expected 0.8%, prior was 0.9%
Tokyo CPI 0.2% y/y for November
- expected 0.2%, prior was 0.1%
Tokyo CPI excluding Fresh Food 0.0% y/y
- expected -0.1%, prior was -0.2%
Tokyo CPI excluding Food, Energy 0.6% y/y
- expected 0.4%, prior was 0.4%
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Note the negative CPI for 'core' inflation (thats the National CPI excluding Fresh Food), but the 'core-core' inflation (the National CPI excluding Food, Energy), which is the way most other developed economies measure 'core' inflation, is looking closer to the BOJ target at, coming in at +0.7% for October (national rate) and +0.6% for November in Tokyo.
The yen ... weaker by a tad. USD/JPY up a handful of points. Check out the household spending data ( on this post) ... a big big miss, again, This data has been disappointing.
more to come
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Don't forget, the Bank of Japan will publish its own CPI data at 0500GMT
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.
