Tokyo area October inflation data: Headline 1.8% y/y (prior 2.2%)

Headline CPI 1.8% y/y, down from September

• expected 1.9%, prior 2.2%

Core 1.8% y/y, and ditto, down from September

• expected 1.7%, prior 2.0%
• this is ex-food

Core-core 1.8% y/y, underlying inflation up from September

• expected 1.8%, prior 1.6%
• ex-food and energy __________

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Coming up from Japan:

• Japan election this weekend, LDP might lose out, need support from other parties to govern
• Potential impact of Japan and US Elections on BoJ intervention, and monetary policy stance

And, for the yen, keep an eye on these folks:

• Yen intervention official Mimura says fin min Kato met with US TreasSec Yellen on Thursday

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Tokyo area inflation data:

• National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.
• Tokyo CPI is a sub-index of the national CPI
• It measures the change in prices of goods and services in the Tokyo metropolitan area
• Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub
• Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example

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