This is the Tokyo area inflation data for May. We'll get the national level May inflation next week.
Tokyo CPI 0.4% y/y
- expected 0.5%, prior
- was 0.5%
Tokyo CPI excluding Fresh Food 0.5% y/y
- expected 0.6%
- prior was 0.6%
Tokyo CPI excluding Food, Energy 0.2% y/y
- expected 0.3%
- prior was 0.3%
So its miss, miss, miss.
Oh dear.
No early exit from super duper accommodative monetary policy for you BOJ!
