Japan PPI for January: -0.6% m/m (expected -0.2%)

Japanese producer level prices

-0.6% m/m

• expected -0.2% m/m, prior -0.6%

+0.6 % y/y

• expected 1.0% y/y, prior 1.5%

Coming up later from Japan:

• Heads up for BOJ Governor Kuroda comments to come (from 0520GMT)

There is basically no chance the BOJ will be doing much different on its monetary policy while inflation conintues to miss. Of course, this data is not consumer inflation, its producer level inflation. But the CPI is hardly faring much better from the BOJ's perspective.