- 2330GMT National CPI y/y for December: 1.6% (vs. expected 1.5%, prior was 1.5%)
- 2330GMT National CPI y/y excluding Fresh Food for December: 1.3 % (vs. expected 1.2%, prior was 1.2%)
- 2330GMT National CPI excluding Food, Energy y/y for December: 0.7% (vs. expected 0.7%, prior was 0.6%)
- 2330GMT Tokyo CPI y/y for January: 0.7% (vs. expected 0.8%, prior was 0.9%)
- 2330GMT Tokyo CPI excluding Fresh Food y/y for January: 0.7% (vs. expected 0.7%, prior was 0.7%)
- 2330GMT Tokyo CPI excluding Food, Energy y/y for January: 0.3% (vs. expected 0.4%, prior was 0.3%)
The ‘national’ figures are all above or on expectations, which has to be a positive for the administration and CPI – this is what they want to see.
Note, though, the “Tokyo’ figures for January (whereas the ‘national figures are for December – the Tokyo data comes in more quickly and is processed more quickly) are not showing the same signs of at or above expectations. Still, its one month’s data and this is first impression time.
It is the ‘core’ data the BOJ will be paying most attention to, that is the CPI excl. food and the CPI excl. food and energy
USD/JPY is ticking a little higher after the release.
Note also the other data released at the same time as the CPI.
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ADDED – Industrial production data released a little later is here
