Japan inflation data for September still to come (Friday) - preview

'National' CPI data for Japan is due at 2330GMT on 18 October 2018

Note that time, Japanese data is mostly at 2350GMT the inflation runbers come a little earlier

Preview via Barclays:

• We estimate that the nationwide CPI ex-perishables (core) rose +1.1% y/y in September, reaching the 1% threshold for the first time since February 2018, on a boost from energy components, especially oil, and a faster rise in other items, led by overseas travel packages and apparel/footwear.

Barclays make the point of hitting 1% … BOJ Gov. Kuroda made special mention of that earlier today also:

• BOJ's Kuroda: BOJ will keep rates low for an extended period

Preview via Nomura:

• We expect the September all-Japan core CPI (all items ex fresh food) to rise to 1.0% y-o-y, a 0.1pp increase from 0.9% in August.
• September core CPI inflation for the Tokyo area (already released) was boosted notably by higher prices for overseas package tours and clothing & footwear, but as these items account for a somewhat smaller weighting in the all-Japan CPI data than in the Tokyo area data, we forecast CPI inflation excluding fresh food and energy (the BOJ's version of core core CPI) of 0.4% y-o-y, flat from August. We think the all-Japan core CPI figure for September will be stronger than in August, mainly on a contribution from energy prices.

ps. the Tokyo Sept. CPI is here:

• Japan data - Tokyo headline CPI for September: 1.3% y/y (expected 1.1%)