Japan data - December Tokyo area CPI, core core is +2.7% y/y

Earlier:

• Japan inflation indicator. Be like the BOJ and watch core-core!

Tokyo area CPI for December 2022 (national level CPI for the month follows in three weeks)

• Tokyo CPI 4.0% y/y, expected 4.5%, prior was 3.8%

• Tokyo CPI excluding Fresh Food 4.0% y/y, expected 3.8%, prior was 3.6%

• Tokyo CPI excluding Food, Energy 2.7% y/y, expected 2.7%, prior was 2.5% (this measure of Japanese inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is closest to the US 'core' CPI)

ICYMI, why I put core-core inflation in the headline to the post:

• Japan inflation indicator. Be like the BOJ and watch core-core!

Japanese (Tokyo area) inflation is holding at high (for Japan) levels. The BOJ has been projecting inflation to begin falling from about October this year. We'll see, but that is a long way off. Once Bank of Japan Governor Kuroda leaves his position on April 8 there is expected to be a small, but significant dialling back of ultra easy policy from the Bank:

• Japan PM Kishida once again says will have 'discussions' with new BOJ governor