Japan national and Tokyo CPI data for September and October respectively
National CPI y/y for September, 0.0%
- expected 0.0%, prior was 0.2%
National CPI y/y excluding Fresh Food for September, -0.1%
- expected -0.2%, prior was -0.1%
National CPI excluding Food, Energy y/y for September, +0.9%
- expected 0.9%, prior was 0.8%
Tokyo CPI y/y for October, +0.1%
- expected 0.0%, prior was -0.1%
Tokyo CPI excluding Fresh Food y/y for October, -0.2%
- expected -0.2%, prior was -0.2%
Tokyo CPI excluding Food, Energy y/y for October, +0.4%
- expected +0.5%, prior was +0.6%
Apart from that last result there all results are on or above expectations ... I guess that's gotta count for something! not a lot though ... still well below target. the 'headline' (at 0.0% nationally and +0.1% for Tokyo) is, how shall I put this? ... still well below the 2% target (note I didn't say 'joke', 'farcical', LMFAO, or anything like that).
On the positive side, excluding food and energy its +0.9% nationally and +0.4% for Tokyo ... and this guy reckons inflation is much higher (& Kuroda agrees ... or says he does anyway)
Not a big response from the yen ... USD/yen hovering around 120.95 as I update
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Also:
- What time is the Bank of Japan policy announcement today?
- Economic data due from Japan plus the BOJ meeting, updates and presser
- Forex technical analysis: USDJPY higher into BOJ decision. What levels are key and why?
