Japanese CPI Overall 2.5% y/y
expected 2.5%, prior 3.0%
Core CPI (excluding fresh food) 2.4% y/y
expected 2.3%, prior 2.8%
Core-core 2.1% y/y
expected 2.0%, prior 1.9%excluding fresh food and energy, this is the closest to US core inflation
Two of three lower than in August.
All three are at or above the Bank of Japan’s 2% target.
I do wonder if the BOJ will hike regardless of what the data says. But they’ll be somewhat satisfied by these numbers for September.
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We had the capital’s inflation rates for September earlier:
Tokyo CPI data leads the national result by about three weeks
This article was written by Eamonn Sheridan at www.forexlive.com.
