Economic calendar in Asia 24 May 2024 – Japan National CPI data for April

Expectations for ‘core’ inflation (that excluding fresh food, shown below) is expected to have slowed in April from March but to be above the BOJ’s 2% target for the 25th month in a row. Bank of Japan Governor Ueda spoke overnight, saying the slump in the economy in Q1 was due to a disruption to auto output and the Bank has No change in view of Japan economic outlook.

The inflation data will be an important input into upcoming decisions on rate hikes by the Bank. The BOJ has insisted it wants to keep policy accommodative. That won’t preclude tiny nudges higher in short term rates I wouldn’t think.

This snapshot from the ForexLive economic data calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

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