Japan core CPI yy
Japan core CPI yy
  • Japan March headline CPI 2.7% vs. 2.8% prior
  • The prior report was 2.8% vs 2.2% expected
  • Ex fresh food and energy 2.9% vs +3.0% expected
  • Excluding food vs 2.5% prior
  • Headline CPI m/m +0.3 vs 0.0% prior
  • Excluding food m/m +0.2% vs +0.2% prior

These numbers aren't exactly cold and leave the BOJ with plenty of ammunition to hike further.