The Bank of Japan are shooting for 2% inflation. Its taking some time, but they're getting there (so they keep telling us).
Coming up we'll get a chance to assess how they are doing. Due at 2330GMT, October CPI data, along with other data points.
Got that time? 2330GMT, not the more regular 2350GMT when we usually get Japanese data.
2330GMT
- Overall Household Spending y/y for October, expected is 0.0%, prior was -0.4%
- Jobless Rate for October, expected is 3.4%, prior was 3.4%
- Job-To-Applicant Ratio for October, expected is 1.25, prior was 1.24
And, of course CPI ...
2330GMT National CPI y/y for October,
- expected is 0.2%, prior was 0.0%
National CPI y/y excluding Fresh Food
- expected is -0.1%, prior was -0.1%
National CPI excluding Food, Energy y/y
- expected is 0.8%, prior was 0.9%
Tokyo CPI y/y for November (Tokyo CPI data is available a month earlier than the National CPI)
- expected is 0.2%, prior was 0.1%
Tokyo CPI excluding Fresh Food y/y
- expected is -0.1%, prior was -0.2%
Tokyo CPI excluding Food, Energy y/y
- expected is 0.4%, prior was 0.4%
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Also, the regular International Transactions in Securities data ... this coming at 2350GMT:
- Japan Buying Foreign Bonds
- Japan Buying Foreign Stocks
- Foreign Buying Japan Bonds
- Foreign Buying Japan Stocks
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OK ... if you've read down this far, here is a curiosity for you ...
Due at 0500GMT, the Bank of Japan is releasing its own measure of inflation. It's the Bank's own calculation for the national CPI excluding fresh food and energy, y/y. So, its a 'core consumer price index'.
- There is no 'expected' for this, but the result for September was +1.2%
The BOJ's own measure of core inflation is higher than the government official measure (the one we'll get at 2330GMT). Convenient. Still, if you want something done, do it yourself, yeah?
With the BOJ's own data showing inflation heading higher its little wonder they've been reluctant to ease any further.
