Tokyo October CPI 2.8% (2.7% expected)

Tokyo CPI, October (y/y)

• Headline: 2.8% vs. 2.7% expected (prior 2.7%)
• Core (ex fresh food): 2.6% vs. 2.6% expected (prior 2.7%)
• Ex fresh food and energy: 2.4% vs. 2.7% expected (prior 2.7%)

Labour market, September

• Unemployment rate: 2.4% vs. 2.5% expected (prior 2.5%)
• Jobs-to-applicants ratio: 1.19 vs. 1.18 expected (prior 1.18)

Just the data this post, I'll have more to come on this separately.

Background:

• Tokyo CPI preview: core inflation seen at 2.6% as BoJ weighs December hike

Still to come:

• BoJ preview: hold at 1.25% expected, with 2% inflation call and dissent risk in focus