Japan (Tokyo) inflation data earlier - recap

The data is here from earlier, showing an uptick in CPI for the Tokyo area:

• Tokyo area inflation data: headline CPI (Jan): 0.4% y/y (expected 0.2%)

Reuters have a recap up, but before I get to it just noting that the ex-food results was highest since 2015.

Anyway, via Reuters:

• Takeshi Minami, chief economist at Norinchukin Research Institute."We expect Tokyo's core CPI will hover around 1 percent in the next few months but after that, it will likely start slowing down," he said, adding the BOJ is expected to continue its stimulus policy to reach its price target.

Link for more