Japan’s wholesale inflation indicator, PPI (the PPI is also known as the Corporate Goods Price Index), is expected to have slowed in June from May.
Yesterday we heard from another Bank of Japan board member saying that consumer price inflation is still not at target:
BoJ official says recent rises in Japan’s food, rice prices stronger than expected
Still, headlines highlighting inflation measures above the Bank’s target, even though the Bank of Japan is not convinced, tend to ignite speculation of nearer-term rate hikes and prvide a tailwind for JPY at the margin.
This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at www.forexlive.com.