The continued negative CPI results we’ve seen out of Japan today are a timely reminder of the challenges facing Abe and his ‘nomics (AKA ‘Abenomics’). Deflation is still very much in place in Japan. March 19 and the new troika at the top of the BOJ can’t come around soon enough for Abe.

We’ve got Japanese capital expenditure figures for Q4 2012 due at 2350GMT. Preview here.