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Tokyo area CPI for June, headline 3.1% vs. 3.8% expected

Note that this is inflation as measured in the Tokyo area. This is regarded as a leading indicator of nationwide inflation but its not a perfect 1 for 1 indication. We await June inflation for Japan as a while that'll be published in around 3 weeks.While still elevated above 3% all three of the CPI measures fell short of expected. Good news for Japanese households and also points to the Bank of Japan probably being on the right track in arguing, over and over and over again that it expected infl... Read More

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Posted: Jun 29 2023, 23:30

Author Name: forexlive

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