Japan's inflation dream getting closer? Tokyo data surprises to the upside

FXstreet.com (Barcelona) - Japan's/ Tokyo CPI series for October and November, respectively, came quite promising, with the Tokyo figures stronger-than-expected in November, while nationwide, the numbers (still referring to Oct) were quite consistent. The latest figures can be found below:- National, yearly basis, for October, came at 1.1%, in line with expectations and unchanged from prior reading.- National, yearly basis, for October, excluding Fresh Food, came at 0.9% vs 0.9% expected and 0.7% prior.- National, yearly basis, for October, excluding Food, Energy, stood at 0.3% vs 0.2% expected and 0.0% last.- Tokyo, yearly basis, for November, came at 0.9% vs 0.7% expected and 0.6% last.- Tokyo, yearly basis, for November, excluding Fresh Food, saw +0.6% vs 0.4% expected and 0.3% prior.- Tokyo, yearly basis, for November, excluding Food, Energy y/y, came at 0.2% vs -0.1% expected and -0.2% prior.Meanwhile, overall household spending for October came at +0.9% y/y vs 1.0% exp and 3.7% prior, while Japan jobless rate for October, worsened slightly to stand at 4.0 % vs 3.9% exp and 4% last. Job-To-Applicant ratio for October came in at 0.98 vs0.96 exp and 0.95 prior.
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