Japanese inflation data for July headlines the economic calendar in Asia Friday, 18 August

<p>Japan CPI data is on the economic data agenda for the session here in Asia. </p><p>The July data for Tokyo showed very solid inflation indeed. The 'core-core', which is the closest to the US measure of core inflation hit 4%. </p><ul><li><a href="https://www.forexlive.com/centralbank/tokyo-july-cpi-data-comes-in-way-above-the-2-boj-target-rate-again-20230727/" target="_blank" rel="follow" data-article-link="true">Tokyo July CPI data comes in way above the 2% BOJ target rate. Again.</a></li></ul><p>The inflation data for Tokyo is viewed as a reasonably good guide to the nationwide figures. </p><p>Earlier this week we got another inflation indicator Japan, also surging:</p><ul><li><a href="https://www.forexlive.com/news/japan-preliminary-q2-gdp-15-qq-vs-expected-08-20230814/" target="_blank" rel="follow"> the Deflator, it's a measure of inflation and its jumped to +3.4%, well above Q1</a></li><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-china-cuts-rates-data-disappoint-yuan-intervention-20230815/" target="_blank" rel="follow">+3.4%, its highest since Q1 of way back in 1981</a></li></ul><p align="left">
This
snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access
it here</a>.</p><p align="left">
The
times in the left-most column are GMT. </p><p align="left">
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.</p>

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