Japan (Tokyo) core inflation jumped in October - questions raised about BOJ negative rates

The data is here ICYMI:

• Japan inflation data - Tokyo area CPI for October headline 3.3% y/y vs. 2.8% prior

And, yep, the 'core' (i.e. excluding fresh food), came in higher than expected.

Reuters have a recap up that's worth checking out:

Marcel Thieliant, head of Asia-Pacific at Capital Economics

• "With services inflation continuing to accelerate, it will take a long time before inflation falls back below the BOJ's 2% target."