Due from Japan on Friday (local time), inflation data

I'll have a preview (or two ...) up later in the week, but from Société Générale

today:

  • Headline inflation in Japan returned to positive annual rates in October, but has been directionless in a narrow 0.1-0.5% rate. We expect May data to indicate a breakout to 0.6% yoy in what we expect to be the beginning of a gradual uptrend.
  • However, the BoJ's preferred core measure, CPI ex fresh food and energy, is expected to have remained stuck at zero for now.
  • Meanwhile, the labour market is likely to have tightened yet further with another increase in the job-to-applicant ratio and a stable 2.8% unemployment rate.
  • Lastly, although industrial production probably reversed much of its 4% mom April surge, the trend is firm.

(Due at 2350GMT on Thursday June 29)

And, on what's the focus from China this week:

  • China's official manufacturing PMI is likely to edge lower in June.

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Earlier I posted a few other 'what's to come' this week:

  • Global economy - what's coming up this week?
  • The day & week ahead in Australia - bank view (3) on what to watch for the AUD
  • The day & week ahead in Australia - bank view (2) what to watch for the AUD
  • The day & week ahead in Australia - bank view (1) on what to watch for the AUD