Japanese national inflation data for janu January was published earlier:
- Japan CPI data for January, headline inflation 0.7% y/y (expected 0.7%)
- Japan January inflation data still way below target - recap
Reuters have run some numbers:
- Stripping out the impact of a sales tax hike to 10% from 8% in October and some other policy steps, the core CPI index rose 0.4% in January from a year earlier
- and the core-core inflation index rose 0.6%, both unchanged from December
Plenty of work to do from the BOJ still.
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ps. That 'core-core' excludes food and energy prices and is closely watched by the Bank of Japan
