Japan CPI data for November: Headline inflation 0.6% y/y (expected 0.6%)

National CPI 0.6% y/y,

• expected 0.6%, prior was 0.1%

National CPI excluding Fresh Food 0.5% y/y,

• expected 0.4%, prior was 0.1%

National CPI excluding Food, Energy -0.6% y/y,

• expected -0.6%, prior was -0.7%
• this measure of inflation is closest to US core CPI

As always, core inflation is way below the Bank of Japan target of 2%.