Due at 2330GMT from Japan is the national CPI data for May

I posted a preview here (via SG): Japan inflation data due today - preview

What the market is looking for:

CPI y/y

  • expected 0.6%, prior was 0.6%

CPI excluding Fresh Food y/y

  • expected 0.7%, prior was 0.7%

CPI excluding Food, Energy y/y

  • expected 0.3%, prior was 0.4%
  • This measure is closest to the US 'core' measure of inflation

This via Barclays ….. very brief:

  • We estimate that the nationwide CPI ex-perishables (core) strengthened slightly to 0.8% y/y in May and expect it to reach a 2018 peak of 1.1% in September.

And, a bit more, this Daiwa:

  • the key day this week is Friday, which features the national CPI report for May. Given the findings of the advance report for the Tokyo area, core inflation will likely be no stronger than the 0.7%Y/Y increase reported in April. The preliminary manufacturing PMI for June and the All Industry Index for April are also released on Friday, as are the final results of the Monthly Labour Survey for April.