Tokyo inflation acceleration – recapping the yen supportive data published earlier

The Tokyo inflation data is here:

And concerns about a leak were aired here:

The Wall Street Journal have a recap of the data. The Journal is gated but if you can access it, link is here.

A snippet from the report:

  • consumer prices, excluding fresh food, for the Tokyo metropolitan area … first acceleration in the pace of inflation in three months
  • suggesting that inflation is developing in line with the central bank’s expectations
  • Energy prices increased due to the receding effects of government energy subsidies
  • Service prices—which BOJ Gov. Kazuo Ueda is keeping a close eye on—rose 0.9%, slightly faster than October’s 0.8% increase.
  • The pickup in inflation likely backs the view for an imminent interest-rate increase

The yen has surged:

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