Japanese markets are closed today, but will reopen tomorrow after latest inflation data

<p>We get the first CPI indications from Japan for December on Tuesday 9 January Asia time, due at </p><ul><li>2330 GMT (Monday evening January 8)</li><li>1830 US Eastern time (Monday evening)</li></ul><p>Further moderation in inflation is expected but the core (in Japan this is excluding food, the first line in the pic below) is expected to remain above the 2% target, albeit only by 0.1%: </p><p>****</p><p>Tokyo area inflation data:</p><ul><li>National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.</li><li>Tokyo CPI is a sub-index of the national CPI</li><li>It measures the change in prices of goods and services in the Tokyo metropolitan area</li><li>Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub</li><li>Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.