Due at 2330GMT (most Japanese data hits at 2350GMT, so do note the CPI data is earlier)

National CPI y/y for January,

  • expected is 0.0% change (i.e. headline expected at flat), prior was +0.2%

National CPI y/y excluding Fresh Food

  • expected is 0.0%, prior was 0.1%

National CPI excluding Food, Energy y/y

  • expected is 0.7%, prior was 0.8% - this is a more reasonable measure of underlying inflation, but even this is not even half-way to the 2% target

Tokyo CPI y/y for February (Tokyo CPI data is available a month earlier than the National CPI)

  • expected is -0.3%, prior was -0.3%

Tokyo CPI excluding Fresh Food y/y

  • expected is -0.2%, prior was -0.1%

Tokyo CPI excluding Food, Energy y/y

  • expected is 0.4%, prior was 0.4%

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Note also, at 0500GMT the Bank of Japan will publish its own inflation measure, which excludes fresh food & energy:

  • expected is +1.2% and prior was +1.3%