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25 Jul 2014
Japanese inflation up next - RBS
FXStreet (Bali) - RBS reviews the upcoming Japanese inflation data, noting that numbers are expected to come within the BoJ’s range for FY 2014.
Key Quotes
"In Japan, national CPI is released for June. Market expectations anticipate that the core rate, ex fresh food, will slip from 3.4% to 3.3% y/y, which would be within the BoJ’s range for FY 2014 inflation included in the July Monetary Policy Statement (3.2-3.5%, or 1.2-1.5% when excluding the effects of the consumption tax hike). The BoJ had revised down its growth forecasts slightly in July but maintained a largely unchanged, positive outlook for prices."
Key Quotes
"In Japan, national CPI is released for June. Market expectations anticipate that the core rate, ex fresh food, will slip from 3.4% to 3.3% y/y, which would be within the BoJ’s range for FY 2014 inflation included in the July Monetary Policy Statement (3.2-3.5%, or 1.2-1.5% when excluding the effects of the consumption tax hike). The BoJ had revised down its growth forecasts slightly in July but maintained a largely unchanged, positive outlook for prices."