Japan inflation data preview, core to be above the 2% BOJ target for more than a year.

Japanese November inflation data is due on Friday, 22 December 2023.The sneak preview we get is the Tokyo area inflation for the month, that comes out about 3 weeks prior:

• Tokyo area CPI data for November 2023 comes in way above the 2% BOJ target rate. Again.

For tomorrow, the national core (i.e. excluding food) consumer inflation rate is expected to ease back. Lower energy prices will contribute to this:

• the 2.5% expected, if hit, would be the slowest since 2.4% in July 2022
• and it would also mean its been above the Bank of Japan 2% target for over a year

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The data is due at 0830 am on December 22, Tokyo time (2330 GMT and 1830 US Eastern time on the 21st)

The Bank of Japan minutes due at 2350 GMT are for the October meeting.