Coming up at 2330GMT - CPI data

  • National CPI y/y for April, expected is 0.4%, prior was 0.2%
  • National CPI y/y excluding Fresh Food for April, expected is 0.4%, prior was 0.2%
  • National CPI excluding Food, Energy y/y for April, expected is 0.0%, prior was -0.1%. This measure of inflation is closest to the US 'core' inflation - as you can see while headline inflation has been ticking up, core is still nowhere close to the BoJ target and barely even moving towards it. A separate measure of inflation from the Q1 GDP data, the GDP Deflator, was also a disappointment for the authorities, coming in at -0.8% y/y.
  • Tokyo CPI y/y for May, expected is 0.0%, prior was -0.1%
  • Tokyo CPI excluding Fresh Food y/y for May, expected is 0.0%, prior was -0.1%
  • Tokyo CPI excluding Food, Energy y/y for May, expected is -0.1%, prior was -0.1%