Japan: Headline inflation prints 1.1%/yr - TDS

Analysts at TDS note that Japanese headline inflation came in as per market expectations at 1.1%/yr.

Key Quotes

“But given this outcome is well before the Board's forecast, we would not be surprised if the Bank takes the knife to its inflation forecasts yet again. Inflation excluding fresh food fell from 1%/yr to 0.9%/yr and service inflation slowed as well from 0.3%/yr to 0.2%/yr.”