Japanese inflation data for April, all three are as expected
Headline CPI for April comes in at 0.9% y/y
- expected 0.9% y/y
- prior 0.5%
Core CPI is excluding fresh food: 0.9% y/y
- expected 0.9%
- prior 0.8%
Core-core is excluding fresh food and energy 0.6% y/y
- expected 0.6%
- prior 0.4%
- this one the closest to the US core CPI equivalent
That core-core … while well short of the BOJ 2% target (I really should get that on cut and paste) would have to be a little encouragement for the BOJ.
Its slow going but it has moved a little higher the past year.
Yen barely responsive.