Japan inflation data for March (national CPI) and April (Tokyo)
National CPI y/y for March, -0.1%
- expected flat at 0.0% y/y, prior was 0.3%
National CPI y/y excluding Fresh Food for March, -0.3% ... lowest for this since April of 2013
- expected -0.2%, prior was 0.0%
National CPI excluding Food, Energy y/y for March, 0.7%
- expected 0.8%, prior was 0.8%
Tokyo CPI y/y for April, -0.4% (Tokyo CPI data is available a month earlier than the National CPI)
- expected -0.2%, prior was -0.1%
Tokyo CPI excluding Fresh Food y/y for April, -0.3%
- expected -0.3%, prior was -0.3%
Tokyo CPI excluding Food, Energy y/y for April, 0.6%
- expected 0.5%, prior was 0.6%
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If the BOJ is monitoring the data today there is nothing here that would stop them from further easing. Still to come (due at 0500GMT) is the BOJ's own measure of inflation (expected 1.0% y/y, prior 1.1% y/y)
Today's BOJ announcement is expected during the 0230 to 0330GMT time window
Japanese data ... a bit on the nose