Japanese inflation well off BOJ target

FXStreet (Bali) - Japan's inflation numbers came a touch better-than-expected, but the figures are still far from BOJ 2% sustained inflation target. When reading the numbers, one needs to bear in mind that the Central Bank has estimated that the consumption tax hike last year added 1.7% to YoY CPI in April 2014, and 2.0% the following month.

Key headlines

Japan Tokyo CPI ex Food, Energy (YoY) rose from previous 0% to 0.4% in May

Japan Tokyo CPI ex Fresh Food (YoY) came in at 0.2%, above expectations (0.1%) in May

Japan Tokyo Consumer Price Index (YoY) fell from previous 0.7% to 0.5% in May

Japan National CPI Ex-Fresh Food (YoY) came in at 0.3%, above expectations (0.2%) in April

Japan National CPI Ex Food, Energy (YoY) dipped from previous 2.2% to 0.3% in April

Japan Overall Household Spending (YoY) below forecasts (3.1%) in April: Actual (-1.3%)


Japan National Consumer Price Index (YoY) dipped from previous 2.3% to 0.6% in April