Japan October headline CPI +3.7% y/y (prior +3.0%) | Forexlive

Japanese inflation report for October 2022.

Headline CPI 3.7%

• forecast 3.6%, previous 3.0%

Core CPI 3.6% y/y (i.e. excluding food)

• forecast 3.5%, previous 3.0%
• 3.6% is the highest since February 1982

Core-core (i.e. excluding food and energy) +2.5% y/y

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Bank of Japan Governor Kuroda said again yesterday that he views Japan’s level of inflation to be transitory only:

Kuroda is in zero hurry to get rid of super-easy policy.

Merry Christmas to yen bears.