Reuters have a recap up on the inflation data from Japan earlier (data & response here: Japan headline CPI (for July): 0.4% y/y (expected 0.4%))
They've a couple of comments on the results from analysts, not out of line with initial responses in the post linked above:
Dai-ichi
"Inflationary pressure isn't building up as companies remain extremely cautious of raising prices. The boost from energy costs will peak around October, so consumer inflation may slow after that," said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute.
"The BOJ will likely be forced to cut its price forecasts again, so it would be hard to justify raising interest rates even as economic growth gathers momentum."
ING
"The slow grinding rise in Tokyo inflation...is encouraging," ING said in a research note, adding that the 2 percent inflation target "remains, as it always was, a hugely over-optimistic and not very credible goal".
