It’s a packed data agenda ahead.
As background to the Tokyo area inflation data:
- National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.
- Tokyo CPI is a sub-index of the national CPI
It measures the change in prices of goods and services in the Tokyo metropolitan area
Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub. - Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example.
While the data is going to be watched the focus in Japan right now is on JGB yields (getting the long end under control) and tariff chaos.
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
- I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at www.forexlive.com.
