Tokyo CPI 3.5% y/y,

  • expected 3.1%, prior was 3.3%

Tokyo CPI excluding Fresh Food 3.5% y/y,

  • expected 3.2%, prior was 3.2%

Tokyo CPI excluding Food, Energy 3.8% y/y, highest since April 1982

  • expected 3.5%, prior 3.4%
  • this measure of Japanese inflation is closest to the US 'core' CPI

These are high readings. The Bank of Japan keeps telling us they expect inflation to be transitory. That's what the Fed and others were saying too and it didn't work out so well.

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Coming later from Japan, the Bank of Japan decision, previews:

Tokyo