Headline CPI 1.8% y/y, down from September
expected 1.9%, prior 2.2%
Core 1.8% y/y, and ditto, down from September
expected 1.7%, prior 2.0%this is ex-food
Core-core 1.8% y/y, underlying inflation up from September
expected 1.8%, prior 1.6%ex-food and energy __________
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Coming up from Japan:
Japan election this weekend, LDP might lose out, need support from other parties to governPotential impact of Japan and US Elections on BoJ intervention, and monetary policy stance
And, for the yen, keep an eye on these folks:
Yen intervention official Mimura says fin min Kato met with US TreasSec Yellen on Thursday
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Tokyo area inflation data:
National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.Tokyo CPI is a sub-index of the national CPIIt measures the change in prices of goods and services in the Tokyo metropolitan areaIts considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hubHistorically, 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
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This article was written by Eamonn Sheridan at www.forexlive.com.
