Inflation data from Japan for October (& November, Tokyo)
National CPI 0.3% y/y for October,
- expected 0.2%, prior was 0.0%
National CPI -0.1% y/y excluding Fresh Food
- expected -0.1%, prior was -0.1%
National CPI excluding Food, Energy 0.7% y/y
- expected 0.8%, prior was 0.9%
Tokyo CPI 0.2% y/y for November
- expected 0.2%, prior was 0.1%
Tokyo CPI excluding Fresh Food 0.0% y/y
- expected -0.1%, prior was -0.2%
Tokyo CPI excluding Food, Energy 0.6% y/y
- expected 0.4%, prior was 0.4%
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Note the negative CPI for 'core' inflation (thats the National CPI excluding Fresh Food), but the 'core-core' inflation (the National CPI excluding Food, Energy), which is the way most other developed economies measure 'core' inflation, is looking closer to the BOJ target at, coming in at +0.7% for October (national rate) and +0.6% for November in Tokyo.
The yen ... weaker by a tad. USD/JPY up a handful of points. Check out the household spending data (on this post) ... a big big miss, again, This data has been disappointing.
more to come
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Don't forget, the Bank of Japan will publish its own CPI data at 0500GMT
