Japan data – Tokyo area headline CPI 3.5% y/y (expected 3.1%) | Forexlive

Tokyo
CPI 3.5% y/y,

• expected 3.1%, prior was 3.3%

Tokyo
CPI excluding Fresh Food 3.5% y/y,

• expected 3.2%, prior was 3.2%

Tokyo
CPI excluding Food, Energy 3.8% y/y, highest since April 1982

• expected 3.5%, prior 3.4%
• this
  measure of Japanese inflation is closest to the US ‘core’ CPI

These are high readings. The Bank of Japan keeps telling us they expect inflation to be transitory. That’s what the Fed and others were saying too and it didn’t work out so well.

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Coming later from Japan, the Bank of Japan decision, previews: