Tokyo area November inflation data, the core measures higher than headline.
Tokyo Consumer Price Index (YoY) (Nov) 2.7%
- expected 2.7%, prior 2.8%
Tokyo CPI ex Food, Energy (YoY) (Nov) 2.8% … higher than expected and the same as in October
- expected 2.7%, prior 2.8%
Tokyo CPI ex Fresh Food (YoY) (Nov) 2.8%, ditto, higher than expected and the same as in October
- expected 2.7%, prior 2.8%
The data shows inflation still simmering away well above the 2% BoJ target. The Bank of Japan next meet on December 18-19 and expectations are edging towards a right hike but its not a done deal yet by any means.
- BOJ’s Noguchi: Further yen declines could impact underlying inflation
- BOJ’s Noguchi: Japan making steady progress in meeting inflation target
- Recap – BoJ’s Noguchi tempers December hike bets, urges measured, step-by-step tightening
- investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ
This article was written by Eamonn Sheridan at investinglive.com.