Japan inflation data for August (national) and Tokyo (September)
2330GMT National CPI y/y for August, +0.2% y/y
- expected +0.1%, prior was +0.2%
2330GMT National CPI y/y excluding Fresh Food for August, -0.1% y/y ... this is 'core' inflation ... it's the first negative reading y/y since April of 2013
- expected -0.1%, prior was 0.0%
2330GMT National CPI excluding Food, Energy y/y for August, +0.8% y/y
- expected 0.7%, prior was 0.6%
2330GMT Tokyo CPI y/y for September, -0.1% y/y
- expected -0.1%, prior was 0.1%
2330GMT Tokyo CPI excluding Fresh Food y/y for September, -0.2% y/y
- expected -0.2%, prior was -0.1%
2330GMT Tokyo CPI excluding Food, Energy y/y for September, +0.6%
- expected 0.5%, prior was 0.4%
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I've bolded the national 'core' inflation reading ... its dipped back into disinflation and is not a good sign for Japan and not a positive for the administration.
But ... as it often the case .... 'on the other hand' the 'core-core' (as its referred to in Japan, and what is the measure used for 'core' inflation nearly everywhere else) is moving higher, at +0.8% (August) for the nation, and +0.6% (September) for Tokyo. That's a bit more positive.
As is often, usually, the case with Japanese data releases the response from the yen is a near flat-line.
