In case you missed it earlier:

  • Japan October CPI: 0.3% y/y (expected 0.2%)
  • Japan data - Household Spending, Jobless Rate Job-To-Applicant Ratio

(And, still to come, the Bank of Japan is releasing the results of its own inflation survey at 0500GMT)

For the data we've already had, Bloomberg have a further recap up now. On inflation:

The Takeaway: While Core CPI is the Bank of Japan's gauge for measuring progress toward its 2 percent inflation goal, Core Core CPI may give more clues to any changes for monetary policy. It has shown rising prices since October 2013, supporting the argument by Governor Haruhiko Kuroda that the underlying trend in inflation is improving, once you strip out the impact of lower oil costs.

Note, 'core' inflation came in at -0.1% y/y while 'core-core' was more promising (for the BOJ) at +0.7% y/y

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On the big miss for household spending:

Disappointing wage gains help explain the weakness in household spending, and without a change here Kuroda will struggle to spur inflation and economic growth.

More at the piece, here

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USD/JPY has maintained a very narrow range for the session so far.