But first let me take a selfie an update on the Japan sales tax "hot or not?" question

  • More confirmation on Japanese consumption tax delay

Coming up from Japan today, due at 2330GMT:

  • National CPI y/y for April, expected is -0.4%, prior was -0.1%
  • National CPI y/y excluding Fresh Food for April, expected is -0.4%, prior was -0.3%
  • National CPI excluding Food, Energy y/y for April, expected is 0.7%, prior was 0.7%
  • Tokyo CPI y/y for May, expected is -0.5%, prior was -0.4% (Tokyo CPI data is available a month earlier than the National CPI, Abe just pops down to the shops)
  • Tokyo CPI excluding Fresh Food y/y for May, expected is -0.4%, prior was -0.3%
  • Tokyo CPI excluding Food, Energy y/y for May, expected is 0.6%, prior was 0.6%

For those of you who follow along during the Asian timezone, you'll know that later in the Japanese day the Bank of Japan will publish their own CPI measure (you want something done right, you do it yourself)

Its National CPI excluding fresh food and energy,

  • Due at 0500GMT
  • For April
  • expected 1.0%, prior 1.1%