Japan data – Tokyo CPI -0.1% y/y, prior was 0.0%

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Tokyo inflation data for July – Tokyo area CPI (national level CPI for the month follows in three weeks)

Tokyo CPI -0.1% y/y, 
Tokyo CPI excluding Fresh Food 0.1% y/y, 
Tokyo CPI excluding Food, Energy 0.0% y/y, 
The Bank of Japan core CPI target is 2%. Not even close (hasn’t been for years despite ongoing Bank of Japan easing).