Japan April headline CPI: 0.9% y/y (expected 0.9%) core 0.9% (0.9%), core-core 0.6% (0.6%)

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. 


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