Japan CPI for November (national) and December (Tokyo):
2330GMT National CPI y/y for November, 2.4%
- expected 2.5%, prior was 2.9%
2330GMT National CPI y/y excluding Fresh Food for November, 2.7%
- expected 2.7%, prior was 2.9%
2330GMT National CPI excluding Food, Energy y/y for November, 2.1%
- expected 1.8%, prior was 1.8%
2330GMT Tokyo CPI y/y for December, 2.1%
- expected 2.1%, prior was 2.1%
2330GMT Tokyo CPI excluding Fresh Food y/y for December, 2.3%
- expected 2.3%, prior was 2.4%
2330GMT Tokyo CPI excluding Food, Energy y/y for December, 1.8%
- expected 1.8%, prior was 1.8%
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Note: The Bank of Japan has estimated that the sales tax hike – to 8 percent from 5 percent on April 1 – added 1.7 percentage points to the annual consumer inflation rate in April, and 2.0 points from the following month.
When you take into account that note … the CPI figures are not where the BOJ wants them to be.
