Tokyo July core CPI +2.2% y/y, as eyed, as per BOJ outlook
Tokyo July core CPI +2.2% y/y, as eyed, prev +2.1%, overall CPI +2.2%
Core CPI up a notch but still relatively low, as per BOJ outlook
CPI ex-fresh food and energy even lower +1.5% y/y
With data still mostly in line with BOJ outlook, July rate hike premature?
That said, hints of future rate moves possible along with taper schedule
See nAZN1ZV21Z, nL4N3JG2HI, on BOJ policy next week nL1N3JF07F
For more click on FXBUZ
Annual change in Tokyo’s consumer prices: https://reut.rs/3WeCeCy
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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