There is more inflation data to come from Japan again on Friday - Tokyo CPI preview

Tokyo area CPI data is due from Japan on Friday Sep 28

• At 0030GMT

Tokyo CPI y/y

• expected 1.1%, prior was 1.2%

Tokyo CPI excluding Fresh Food y/y

• expected 0.9%, prior was 0.9%

Tokyo CPI excluding Food, Energy y/y

• expected 0.6%, prior was 0.6%

Nomura provide a preview:

• We forecast Tokyo-area core CPI inflation for September to come in at 0.9% y-o-y, unchanged from the August figure.
• We expect the BOJ's version of core core CPI inflation, which excludes fresh food and energy prices, to come in at 0.5%, from 0.6% in August.
• The Tokyo-area CPI inflation rate in August was boosted by 0.14 percentage points (pp) m-o-m by hotel charges, which is a volatile category. We expect this boost to have disappeared in September, but its loss to be offset by higher prices for energy-related items. As such, we expect core CPI inflation to be the same as in August.