FXStreet (Delhi) – Research Team at Nomura, forecast that all-Japan core CPI inflation for September and Tokyo core CPI inflation for October will remain in negative territory.
Key Quotes
“All-Japan core CPI inflation for August and Tokyo core CPI inflation for September fell in line with market expectations. In both cases, core components of inflation picked up and the decline reflected the effect of sharp slowing in the energy component.”
“We expect core food CPI (excluding fresh food and alcoholic beverages) inflation to continue rising, but see it tapering as the effect of the weak yen wears off. We also think the rise in the UTokyo Daily Price Index has started to slow.”
“We do not expect the BEI in Japan to move out of its range for now unless the WTI price rises sharply above $50/bbl, BEIs overseas rise sharply in reaction to further easing by the ECB, or the BEI in Japan falls to its January low.”
(Market News Provided by FXstreet)