Japan's inflation data mixed

FXstreet.com (Bali) - Japan's CPI (YoY)(Dec)came at 1.6% vs 1.5% last and 0.6% last, National CPI Ex-Fresh Food and Energy came at 0.7% vs 0.6% last, National CPI Ex-Fresh Food (core) stood at 1.3% vs 1.2% last. As per Tokyo CPI (YoY) (Jan) saw 0.7% vs 0.9% last, Tokyo CPI ex Food, Energy at 0.3% vs 0.3% last and Tokyo CPI ex Fresh Food (core) at 0.7% vs 0.7%.

Overall, the price data is mixed, with the most updated CPI numbers from Tokyo showing a slow down in price rises in Tokyo CPI, while nationwide the number ticked slightly higher, despite numbers being more outdated (Dec). As reminded earlier, the inflation number just published is only one part of the equation, with the 'spring wage offensive', currently underway, another critical area in order to help create the much-needed long-lasting inflationary cycle.