Japanese inflation area, Tokyo CPI is three weeks ahead of the nationwide CPI data
Tokyo CPI 0.9% y/y … in line
- expected 0.9%, prior was 0.6%
Tokyo CPI excluding Fresh Food 1.1% y/y ... in line
- expected 1.1%, prior was 1.1%
Tokyo CPI excluding Food, Energy 0.7% y/y (the closest measure to US core CPI) ... in line
- expected 0.7%, prior was 0.7%
Other data out at the same time: Japan unemployment rate (February) 2.3% (expected 2.5%)
This is only Tokyo area CPI, not national. Still, if this translates to the national level CPI is way, way below target. Same old.
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Still to come from japan, due at 2350GMT:
Japan industrial production for February, preliminary
- expected 1.4% m/m, prior -3.4%
- expected -1.1% y/y, prior 0.3%
Japan retail sales for February
- expected 1.0% m/m, prior -1.8%
- expected 1.0% y/y, prior 0.6%
