Japanese inflation data is due imminently – consensus expectation is for a higher CPI

In brief:

• Expectations from the survey 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
• End of energy subsidies likely boosted headline figure

I posted on this earlier this week but repeating it here.

The data is due at the bottom of the hour.

Later today we’ll also get Bank of Japan Governor Ueda speaking.

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

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