Japan · Tokyo CPI ex Fresh Food (YoY): 1.8

Actual1.8

Forecast1.7

Previous1.9

Surprise +0.50σ

VerdictABOVE FORECAST

ReadJGBs BEARISH · Equities BEARISH

Japan · Tokyo CPI ex Fresh Food (YoY) — Actual 1.8, forecast 1.7, prev 1.9. Surprise: ABOVE FORECAST by 0.5 sigma. Desk read: JGBs BEARISH · Equities BEARISH.

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