Economic calendar in Asia 23 December 2022 - Japan inflation data for November

Japan inflation figures at 2330 GMT. Bank of Japan Governor Kuroda has been insistent that the current high inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term level in Japan is transitory and will begin falling from around October in 2023. He's also been insistent that any widening of the tolerance band around the YCC target to +/-0.5% from +/-0.25% was not under consideration since it'd basically be a rate rise. Then on Tuesday he widened the band and said it wasn't a rate rise. Go figure.

Given Kuroda has tarnished his credibility it opens up the potential for sharper market reactions to Japanese data. Data releases from Jpan have been notorious for not shifting markets much at all upon release. Its not difficult to see now though that if CPI is above expectations JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term will rise as traders pre-empt further BOJ tightening moves.

As for the 2350 GMT minutes of the Bank of Japan October meeting. The very definition of stale, they are, after Tuesday's announcement. I guess we can scour the minutes for any clues the December decision was coming.

This snapshot from the ForexLive economic data calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.