Japan CPI data for February
National CPI +0.9% y/y,
expected 0.3%, prior was 0.5%
National CPI excluding Fresh Food 0.6% y/y,
expected 0.6%, prior was 0.2%
National CPI excluding Food, Energy -1.0% y/y,
expected -0.9%, prior was -1.1%.
This CPI indicator is the closest to the US 'core' measure of inflation .
The BOJ target for core inflation is 2%. The Bank has been missing this for years and looks very unlikely to even come close for at least many months to come.
The Bank of Japan policy meeting is today, previews here: