Japan (Tokyo) core inflation jumped in October – questions raised about BOJ negative rates

<p>The data is here ICYMI:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-inflation-data-tokyo-area-cpi-for-october-headline-33-vs-28-prior-20231026/" target="_blank" rel="follow" data-article-link="true">Japan inflation data – Tokyo area CPI for October headline 3.3% y/y vs. 2.8% prior</a></li></ul><p>And, yep, the 'core' (i.e. excluding fresh food), came in higher than expected. </p><p><a href="https://www.reuters.com/markets/asia/core-inflation-japans-capital-accelerates-27-oct-2023-10-26/" target="_blank" rel="nofollow">Reuters have a recap up</a> that's worth checking out:</p><p>Marcel Thieliant, head of Asia-Pacific at Capital Economics</p><ul><li>

"With services inflation continuing to accelerate, it will take a long time before inflation falls back below the BOJ's 2% target."</li></ul>

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