Coming up at 2330GMT on 19 April 2018 (8.30am on 20 April 2018 Tokyo time) is CPI for March
Headline - National CPI y/y,
- expected is 1.1%, prior was 1.5%
Core - National CPI y/y excluding Fresh Food
- expected is 0.9%, prior was 1.0%
'Core-core' - National CPI excluding Food, Energy y/y
- expected is 0.5%, prior was 0.5%
I posted previews here yesterday
A couple more now:
BNP Paribas:
- Based on the Tokyo CPI for March, we estimate that the national core CPI for the month should be unchanged at 1.0% y/y. Although prices for mobile phones are expected to rise, reflecting a positive base effect, the gains look set to be negated by weakness in hotel accommodation and overseas package tours, both of which surged in February on seasonal factors. With service prices still dull owing to lacklustre wage growth, inflation is slow in accelerating.
Daiwa:
- In light of the advance Tokyo CPI for March, the recent uptrend in national measures of core inflation has likely been disrupted, headline CPI likely to retreat perhaps as much as 0.4ppt from 1.5%Y/Y the previous month, and the BoJ's forecast core measure (which excludes prices of fresh food) also set to decline, albeit probably by just 0.1ppt to 0.9%Y/Y.
