- Tokyo October core CPI (ex-fresh food): 2.6% y/y (forecast 2.6%, prior 2.7%)
Tokyo area October core CPI (ex-fresh food) came in at 2.6% y/y, matching the median estimate and down from 2.7% prior. Overall CPI rose 2.8% y/y, and the broader core measure excluding fresh food and energy also rose 2.6% y/y. The figures support a gradual BOJ tightening trajectory.
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