Japanese inflation comes on the soft side

FXStreet (Bali) - Japanese inflation numbers came on the soft side, not a very pleasant result for the BoJ, recently forced to expand QQE given the decline in inflation expectations.

Main headlines

Japan Tokyo CPI ex Fresh Food (YoY) came in at 2.4% below forecasts (2.5%) in November

Japan National CPI Ex Food, Energy (YoY) fell from previous 2.3% to 2.2% in October

Japan National CPI Ex-Fresh Food (YoY) meets expectations (2.9%) in October

Japan Overall Household Spending (YoY) came in at -4%, above expectations (-5.1%) in October

Japan National Consumer Price Index (YoY) down to 2.9% in October from previous 3.2%

Japan Unemployment Rate came in at 3.5%, below expectations (3.6%) in October

Japan Tokyo Consumer Price Index (YoY) declined to 2.1% in November from previous 2.5%

Japan Jobs/applicants ratio came in at 1.1, above expectations (1.09) in October

Japan Tokyo CPI ex Food, Energy (YoY) fell from previous 2.1% to 1.8% in November