Tokyo data for April gave a heads up to these further weak results for inflation nationally.

National CPI -0.4% y/y,

  • expected -0.5%, prior was -0.2%

National CPI excluding Fresh Food -0.1% y/y,

  • expected -0.5%, prior was -0.1%

National CPI excluding Food, Energy -0.2% y/y,

  • expected -0.1%, prior was 0.3%