Earlier:
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 is closest to the US 'core' CPI)
ICYMI, why I put core-core inflation in the headline to the post:
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:
