Japan (Tokyo) core inflation jumped in October – questions raised about BOJ negative rates

The data is here ICYMI:

And, yep, the ‘core’ (i.e. excluding fresh food), came in higher than expected.

Reuters have a recap up that’s worth checking out:

Marcel Thieliant, head of Asia-Pacific at Capital Economics

  • “With services inflation continuing to accelerate, it will take a long time before inflation falls back below the BOJ’s 2% target.”

This article was written by Eamonn Sheridan at www.forexlive.com. Source