Yep, if you want something done properly, do it yourself. That's the Bank of Japan inflation motto.
Earlier today we got the official CPI from February (and for March in Tokyo)
And now, it's the BOJ's own measure of inflation
- It's a 'national' measure
- It excludes fresh food and energy
Comes in at 1.1% y/y
- expected 1.1% y/y, prior 1.1% y/y
More data out simultaneously:
- (Final January) Leading Index 101.8 (prelim was 101.4)
- (Final January) Coincident Index 113.5 (prelim was 113.8)
-
- Earlier today we got official CPI data from Japan, here
- We also got Services PPI for February, in at +0.2% y/y(expected 0.2%, prior 0.3%)
-
From China earlier, the PBOC set the USD/CNY central rate today 6.5223 (yesterday's reference rate was set at 6.5150, so another decent size yuan weakening against the USD again today); the bank also injected 30bn yuan into money markets via 7-day reverse repos.
Also:
- China's yuan will come under renewed downward pressure if the U.S. dollar rises significantly in the coming months, a policy adviser to the People's Bank of China said on Friday.
I was wondering out loud yesterday if the yuan weakening was a warning to the Fed about hiking rates again in April - this has got me thinking along similar lines again today. More at Reuters.
-
As I update, Nikkei is +0.59% on the day, Shanghai Composite up 0.17%
-
FX price update:
-
Have a great weekend, all!
