Here is whats on the economic calendar in Asia - Japan inflation data for October

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Here is whats on the economic calendar in Asia - Japan inflation data for October

<p>Japanese inflation data for October is due. We've had the Tokyo area CPI for October already:</p><ul><li>Headline Tokyo CPI 3.5% y/y, expected 3.1%, prior was 2.8%</li><li>Tokyo CPI excluding Fresh Food 3.4% y/y, expected 2.8%, prior was 2.8% (3.4% is the fastest since October 1989)</li><li>Tokyo CPI excluding Food, Energy 2.2% y/y, expected 2.1%, prior was 1.7% (this measure of Japanese inflation is closest to the US 'core' CPI)</li></ul><p>The Tokyo area inflation is a rough guide to the national CPI result. </p><p>Regardless, though, the prevailing view at the Bank of Japan is that current high(ish) inflation is transitory:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-gov-kuroda-says-cpi-will-drop-under-2-in-202324-fiscal-year-cost-push-declines-20221117/" target="_blank" data-article-link="true">BOJ Gov Kuroda says CPI will drop under 2% in 2023/24 fiscal year, cost-push declines</a></li></ul><ul><li>
This
snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access
it here</a>.</li><li>
The
times in the left-most column are GMT. </li><li>
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.</li></ul>

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

Source: Here is whats on the economic calendar in Asia - Japan inflation data for October

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