Inflation data from Japan
Headline national CPI 0.8% y/y
- expected 0.8% y/y, prior 1.4%
CPI excluding fresh food 0.9% y/y
- expected 1.0%, prior 1.0%
CPI excluding fresh food and energy 0.3% y/y
- expected 0.4%, prior 0.4%
The bolded result is the one to watch, its the closest to US core CPI.
The BOJ target is 2%. Obviously still way, way missing target at is has been for years. No change in policy imminent from the BOJ at this rate. Yesterday's meeting … one of the Board members wanted to ease even further, I can see his point with inflation so far off target. but, of course, this huge easing is having unwanted side effects.
