Japan will release July inflation data on Friday (tomorrow)

Friday is shaping up as a big day.

From Japan will be July CPI data and Bank of Japan Governor Ueda.

From the US will be Federal Reserve Chair Powell speaking at Jackson Hole.

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Re Japan’s CPI:

• due on August 23

• 8.30am Tokyo time
• 2330 GMT on August 22
• 1930 US Eastern time on August 22

The data:

• Expectations from are that core CPI is forecast to rise 2.7% y/y in July vs 2.6% in June
• This would register inflation above the BOJ 2% target for the 28th straight month
• The end of energy subsidies likely boosted headline figure

ICYMI earlier:

• Reminder, Bank of Japan Governor Ueda will speak in Japan’s parliament on Friday

• 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.