Japan data - Tokyo headline CPI for June 2.3% y/y (vs. expected 2.2%)

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 data for the capital is available well ahead of the national CPI data. This will be along in around 4 weeks.

Tokyo CPI 2.3% y/y,

• expected 2.2%, prior was 2.4%

Tokyo CPI excluding Fresh Food 2.1% y/y,

• expected 2.1%, prior was 1.9%

Tokyo CPI excluding Food, Energy1.0% y/y,

• expected 0.9%, prior was 0.9% (this measure of Japanese inflation is closest to the US 'core' CPI)

Bank of Japan Governor Kuroda is firmly in the transitory inflation camp, saying earlier this week that:

• Japan core CPI ... almost wholly due to international energy price increases

And:

• monetary policy will continue to be accommodative (same link as just above)

If you like low rates, Kuroda is your man: