Japan August Inflation: CPI excluding fresh food & energy +4.3% y/y (prior +4.3%)

Core inflation, in at 3.1% vs. 3.0% expected and core-core (which strips away the effect of both volatile fresh food and fuel prices and is the closest to the US measure of core inflation) in at 4.3% vs. 4.3% expected) are both solidly well above the Bank of Japan 2% target.

• core inflation was above the BOJ's 2% target for the 17th straight month

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The big event out of Japan today is the Bank of Japan statement.

• Bank of Japan statement due today - previews - Ueda under pressure on weak yen
• Economic calendar in Asia Friday, 22 September 2023 - Bank of Japan policy statement due