Japan data - September CPI Headline +2.5% y/y (vs. +2.5% expected)

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Japan data - September CPI Headline +2.5% y/y (vs. +2.5% expected)

Japanese CPI Overall 2.5% y/y

• expected 2.5%, prior 3.0%

Core CPI (excluding fresh food) 2.4% y/y

• expected 2.3%, prior 2.8%

Core-core 2.1% y/y

• expected 2.0%, prior 1.9%
• excluding fresh food and energy, this is the closest to US core inflation

Two of three lower than in August.

All three are at or above the Bank of Japan's 2% target.

I do wonder if the BOJ will hike regardless of what the data says. But they'll be somewhat satisfied by these numbers for September. 

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We had the capital's inflation rates for September earlier:

• Tokyo CPI data leads the national result by about three weeks

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

Source: Japan data - September CPI Headline +2.5% y/y (vs. +2.5% expected)

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