Japan will release July inflation data on Friday (tomorrow)

August 22, 2024 at 04:13AM
Friday is shaping up as a big day.

From Japan will be July CPI data and Bank of Japan Governor Ueda.

From the US will be Federal Reserve Chair Powell speaking at Jackson Hole.

Re Japan’s CPI:

due on August 23

8.30am Tokyo time

2330 GMT on August 22

1930 US Eastern time on August 22

The data:

Expectations from 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

The end of energy subsidies likely boosted headline figure

ICYMI earlier:

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

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.

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

Japan will release July inflation data on Friday (tomorrow)