There is a cascade of data to come from Japan today.
Yesterday we had Bank of Japan monetary policy board member Nakagawa emphasising data dependence, although the focus she mentioned was the next Tankan report (which should be due on September 30 or October 1)
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The big data point today is the Tokyo August CPI.
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 CPIIt measures the change in prices of goods and services in the Tokyo metropolitan areaIts considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hubHistorically, 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
Tokyo CPI is exp[ected to have dipped back a little from the July reading.
This snapshot from the investingLive economic data calendar.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 investinglive.com.
AloJapan.com