There is nothing of note on the economic calendar in Asia today. Wednesday 29 December 2021.
Which would make for a dull post indeed. So, just recapping some data from yesterday.
The BOJ have their own measure of core inflation. In November their core measure came in at 0.8%;
- This is highest for this indicator since February of 2018
- the median consensus estimate was 0.5%
The BOJ will welcome this higher result, although 0.8% is still a long way short of the BOJ’s 2% core inflation target.
Chart accompanying the data release:
As a side note on this chart. Its from the Bank of Japan itself. Note the upper bound of the chart is 1.5%, that is even the BOJ appears to acknowledge their target of 2% is some distant and far-off dream. Sheesh.