November 28, 2024 at 08:59PM
Tokyo area inflation data is the focus for the session – this might give us a heads up what the Bank of Japan is thinking about a rate rise at the December 18-19 meeting.
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
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 and Australia with text as the similarity of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at www.forexlive.com.
