Japan inflation - January Tokyo CPI Headline 1.5% y/y (prior 2%)

Tokyo area CPI data for January 2026.

I'll have more to come on this separately. For now, though, the dip back in headline and core inflation takes some of the steam out of the Bank of Japan argument to hike rates soon. It doesn't negate, just dials back a little.

Added, here we go:

• Tokyo inflation cools. Weight on yen.