Economic calendar in Asia Friday, September 27 – Japan inflation indicator (Tokyo CPI)

Tokyo area inflation data is due today:

• National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.
• Tokyo CPI is a sub-index of the national CPI
• It measures the change in prices of goods and services in the Tokyo metropolitan area
• Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub
• Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example

The Bank of Japan, according to the July minutes that were published by the Bank yesterday, remain on a cautious rate hike path:

• BOJ July minutes – Calls for further gradual, but timely, interest rate increases

I wonder how they will view that core number if it comes in as expected (well down on last month).

• 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.
• I’ve noted data for New Zealand with text as the similarity of the little flag with Australia can sometimes be confusing.

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