Japan inflation data preview, core to be above the 2% BOJ target for more than a year.
<p>Japanese November inflation data is due on Friday, 22 December 2023.The sneak preview we get is the Tokyo area inflation for the month, that comes out about 3 weeks prior:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-area-cpi-data-for-november-2023-comes-in-way-above-the-2-boj-target-rate-again-20231204/" target="_blank" rel="follow" data-article-link="true">Tokyo area CPI data for November 2023 comes in way above the 2% BOJ target rate. Again.</a></li></ul><p>For tomorrow, the national core (i.e. excluding food) consumer inflation rate is expected to ease back. Lower energy prices will contribute to this:</p><ul><li>the 2.5% expected, if hit, would be the slowest since 2.4% in July 2022</li><li>and it would also mean its been above the Bank of Japan 2% target for over a year</li></ul><p> —</p><p>The data is due at 0830 am on December 22, Tokyo time (2330 GMT and 1830 US Eastern time on the 21st)</p><p>The Bank of Japan minutes due at 2350 GMT are for the October meeting. </p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Comment