Japanese inflation report for October 2022.
Headline CPI 3.7%
- forecast 3.6%, previous 3.0%
Core CPI 3.6% y/y (i.e. excluding food)
- forecast 3.5%, previous 3.0%
- 3.6% is the highest since February 1982
Core-core (i.e. excluding food and energy) +2.5% y/y
Bank of Japan Governor Kuroda said again yesterday that he views Japan's level of inflation to be transitory only:
Kuroda is in zero hurry to get rid of super-easy policy.
Merry Christmas to yen bears.