Tokyo area November inflation data, the core measures higher than headline.
Tokyo Consumer Price Index (YoY) (Nov) 2.7%
expected 2.7%, prior 2.8%
Tokyo CPI ex Food, Energy (YoY) (Nov) 2.8% … higher than expected and the same as in October
expected 2.7%, prior 2.8%
Tokyo CPI ex Fresh Food (YoY) (Nov) 2.8%, ditto, higher than expected and the same as in October
expected 2.7%, prior 2.8%
The data shows inflation still simmering away well above the 2% BoJ target. The Bank of Japan next meet on December 18-19 and expectations are edging towards a right hike but its not a done deal yet by any means.
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This article was written by Eamonn Sheridan at investinglive.com.