Japan data - Tokyo area headline inflation 3.5% (expected 3.1%)

The April nationwide CPI data will be along in about 3 weeks. This Tokyo area data is seen as a bit of a guide.

Tokyo inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data for September 2022

Headline Tokyo CPI 3.5% y/y,

• expected 3.1%, prior was 2.8%

Tokyo CPI excluding Fresh Food 3.4% y/y,

• expected 2.8%, prior was 2.8%
• 3.4% is the fastest since October 1989

Tokyo CPI excluding Food, Energy 2.2% y/y,

• expected 2.1%, prior was 1.7% (this measure of Japanese inflation is closest to the US 'core' CPI)

Quite the jump for the headline rate!

The 'excluding food and energy' which, as noted, is closest to the US 'core' CPI, is more subdued at 2.2%. It's the 7th consecutive rise for this.

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The Bank of Japan meet later:

Previews:

• BOJ meeting 28 October 2022 - preview - no change to monetary policy expected

• BOJ policy statement due on Friday, 28 October 2022 - preview
• BOJ meeting Friday, 28 October preview - "no strong indications that a change is imminent"

• Newsquawk Preview: BOJ policy decision due Friday 28th October