{"id":437060,"date":"2026-08-28T03:25:17","date_gmt":"2026-08-27T20:25:17","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/economic-and-event-calendar-in-asia-28-august-2026-japan-inflation-data-tokyo-437060\/"},"modified":"2026-08-28T03:25:17","modified_gmt":"2026-08-27T20:25:17","slug":"economic-and-event-calendar-in-asia-28-august-2026-japan-inflation-data-tokyo","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/economic-and-event-calendar-in-asia-28-august-2026-japan-inflation-data-tokyo-437060\/","title":{"rendered":"Economic and event calendar in Asia 28 August 2026 &#8211; Japan inflation data (Tokyo)"},"content":{"rendered":"<div>\n<p dir=\"ltr\">Tokyo area inflation the focus today. Meanwhile, expectations of a Bank of Japan September rate hike are firming up:<\/p>\n<ul>\n<li><a class=\"article-link\" href=\"https:\/\/investinglive.com\/central-banks\/boj-s-himino-signals-more-hikes-flags-growing-upside-inflation-risk\/\" target=\"_self\" style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none; transition: 0.3s\" rel=\"follow\">BOJ&#8217;s Himino signals more hikes, flags growing upside inflation risk<\/a><\/li>\n<li><a class=\"article-link\" href=\"https:\/\/investinglive.com\/central-banks\/boj-policymaker-himino-says-won-t-comment-on-market-expectations-on-rate-hike\/\" target=\"_self\" style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none; transition: 0.3s\" rel=\"follow\">BOJ policymaker Himino says won&#8217;t comment on market expectations on rate hike<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">\n<p dir=\"ltr\">Where July&#8217;s Tokyo print landed<\/p>\n<p dir=\"ltr\">Tokyo&#8217;s July inflation data set the tone for what&#8217;s expected today. <a href=\"https:\/\/investinglive.com\/forex\/tokyo-july-cpi-ex-fresh-food-1-9-y-y-vs-1-7-expected\/\" rel=\"follow\">Core CPI (ex fresh food) accelerated to 1.90% <\/a>in July from 1.60% in June, marking a six-month high and beating expectations. The move extended a run of acceleration, with data showing core consumer prices up 1.9% year-on-year in July 2026, following a 1.6% rise the previous month and exceeding expectations of 1.7%, the second straight month of acceleration and the fastest pace since January. Notably, the core-core measure (which the BoJ treats as its preferred underlying inflation gauge) climbed even further, with CPI excluding volatile fresh food and energy costs increasing 2.0% year-on-year, up from 1.9% in June, marking the highest reading in four months. Even so, headline inflation stayed below the Bank of Japan&#8217;s 2% target for a sixth consecutive month, with fuel subsidies and favourable base effects still cushioning some of the pressure from higher raw material costs tied to Middle East tensions.<\/p>\n<p dir=\"ltr\">Backdrop shaping expectations for August<\/p>\n<p dir=\"ltr\">The broader inflation story since has only reinforced that trajectory. Nationwide July CPI, released a few weeks later, showed core inflation matching forecasts at 1.8% y\/y, while the BoJ&#8217;s own underlying price gauge ran hotter still, holding above the 2% target. <\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/boj-seen-hiking-to-1-25-in-september-as-japan-inflation-pressures-broaden\" target=\"_blank\" rel=\"follow\">BOJ seen hiking to 1.25% in September as Japan inflation pressures broaden<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">Analysts have coined the term &#8220;naphtha-flation&#8221; for the mechanism at play, oil and raw material cost increases filtering into everyday consumer goods like detergents and plastics via a weak yen and elevated crude prices. That&#8217;s hardened rate-hike bets: market pricing for a September BoJ move to 1.25% has risen to just under 80%, up from around 65% on August 7, partly on reports the Takaichi government supports earlier tightening. <\/p>\n<p dir=\"ltr\">One added wrinkle for comparability: the Statistics Bureau shifted its CPI base year from 2020 to 2025 starting with July&#8217;s data, which market commentary has been careful to flag when reading month-on-month moves.<\/p>\n<\/p>\n<\/p>\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tokyo area inflation the focus today. Meanwhile, expectations of a Bank of Japan September rate hike are firming up: BOJ&#8217;s Himino signals more hikes, flags growing upside inflation risk BOJ policymaker Himino&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437060","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437060"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}