Japan's inflation remains subdued, slight uptick in Tokyo CPI

Japanese inflation numbers came a touch higher than expected in Tokyo, while nationwide, the price levels continued to remain stagnant, with no improvements observed. The latest inflation readings come after the BOJ was forced to push further back the timing to achieve its 2% inflation target at its last meeting, which as reflected by today's numbers, remains a tall order. 

Headlines 

JPY Tokyo CPI ex Fresh Food (YoY) (Jun) at 0.2% vs 0.1% exp and  0.0% last

JPY Tokyo Consumer Price Index (YoY) (Jun) at 0.1% vs  0.1% exp and 0.0% last

JPY Tokyo CPI ex Food, Energy (YoY) (Jun) at 0% vs  -0.1% exp and -0.2%

JPY National Consumer Price Index (YoY) (Jun) at 0.4% vs  0.4% exp and 0.4%

JPY National CPI Ex-Fresh Food (YoY) (Jun) at 0.4% vs  0.4% exp and 0.4%

JPY National CPI Ex Food, Energy (YoY) (Jun) at 0% vs -0.1% exp and 0.0%

JPY Jobs/applicants ratio (Jun) at 0% vs 1.50 exp and 1.49

Unemployment Rate (Jun) at 2.8% vs 3.0% exp and 3.1% last

JPY Overall Household Spending (YoY) (Jun) at 2.3% vs 0.6% exp and -0.1% last