- Before, it was +2.4% over one year
- Tokyo overall CPI 1.8% vs. 2.6% previously
- Excluding food and energy 1.8% compared to 2.3% previously
- Excluding food and energy % m/m vs +0.2% previously
This is not what the Bank of Japan wanted to hear today. Inflation has fallen rapidly and there is no reason for the Bank of Japan to take a hawkish stance.
This is the first figure below the target since September 2022.
This article was written by Adam Button at www.forexlive.com.
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