Late consumer price index data from Japan shows that inflation continues to remain absent. While Japan's National Core CPI fell 0.50% on a yearly basis, Tokyo's core CPI was also weaker, falling 0.40%. According to the BoJ, the central bank expects to achieve a 2.00% inflation target rate by March 2018. Driving inflation lower were fuel costs, communications, furniture and housing. Clothing, education, food and medical care however managed to rise during the reported period.
Yellen Signals Rate Hikes Are Appropriate
Daily Analysis - 29/08/2016