Japan headline National CPI (September) 0.7% y/y (vs. expected 0.7%)

Inflation data from Japan

National CPI y/y for September 0.7% y/y ... in line

• expected 0.7%, prior was 0.7%

National CPI y/y excluding Fresh Food for September 0.7% y/y... in line

• expected 0.7%, prior was 0.7%
• 9th consecutive month of y/y rise

National CPI excluding Food, Energy y/y for September 0.2% y/y... in line

• expected 0.2%, prior was 0.2%
• This is the closest to US 'core' inflation

Tokyo CPI y/y for October -0.2% y/y ... lower than expected and lower than the prior

• expected 0.1%, prior was 0.5%
• Tokyo inflation data is available a month earlier than the National CPI

Tokyo CPI excluding Fresh Food y/y for October 0.6% y/y ... higher than both the expected and prior

• expected 0.5%, prior was 0.5%
• At 0.6 it's the quickest annual pace since March of 2015

Tokyo CPI excluding Food, Energy y/y for October 0.1% y/y ... higher than both the expected and prior

• expected 0.0%, prior was 0.0%

Little movement for the yen, which is often the case for Japanese data releases. Inflation remains distant from the Bank of Japan target (Captain Obvious Award of the day to me).

The Bank of Japan meet next week - no change to easing policy is expected:

• Preview of the BOJ meeting (Cap Eco)
• Moving along - preview of the Bank of Japan meeting

I am awaiting the BOJ to admit the 80tln yen JGB target is irrelevant and for them to abandon it.