• National CPI y/y for January: 1.4% (vs. expected is 1.3%, prior was 1.6%)
  • CORE: National CPI y/y excluding Fresh Food for January: 1.3% (vs. expected is 1.3%, prior was 1.3%)
  • CORE-CORE: National CPI excluding Food, Energy y/y for January: 0.7% (vs. expected is 0.7%, prior was 0.7%)
  • Tokyo CPI y/y for February: 1.1% (vs. expected is 1.0%, prior was 0.7%)
  • CORE: Tokyo CPI excluding Fresh Food y/y for February: 0.9% (vs. expected is 0.8%, prior was 0.7%)
  • CORE-CORE: Tokyo CPI excluding Food, Energy y/y for February: 0.5% (vs. expected is 0.4%, prior was 0.3%)

Note that the ‘national’ inflation data is for January, while the data for Tokyo is available more quickly and thus we get February data for the capital.

Other Japan data released at 2330GMT is here: Japan – Household spending, unemployment rate and Job-To-Applicant Ratio data

Inflation data is either on, or a shade above, expectations – a positive for the administration.

Yen … little reaction to the data as yet