Japan inflation for February, headline overall CPI +0.9% y/y (vs. expected 0.3%)

Japan CPI data for February

National CPI +0.9% y/y,

• expected 0.3%, prior was 0.5%

National CPI excluding Fresh Food 0.6% y/y,

• expected 0.6%, prior was 0.2%

National CPI excluding Food, Energy -1.0% y/y,

• expected -0.9%, prior was -1.1%.

• This CPI indicator is the closest to the US 'core' measure of 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.

The BOJ target for core inflation is 2%. The Bank has been missing this for years and looks very unlikely to even come close for at least many months to come.

The Bank of Japan policy meeting is today, previews here:

Here is what’s on the economic calendar in Asia today - Bank of Japan policy meeting day

Bank of Japan monetary policy decision due today - preview