
Japan’s September Consumer Price Index (CPI) and October flash Purchasing Managers' Index (PMI) figures are due overnight, Danske Research Team notes, after recent Tokyo inflation data pointed to firmer core price pressures. In the team’s view, resilient economic growth and building inflationary pressures should support a further Bank of Japan (BoJ) rate increase in December.
"In Japan, CPI data for September will be released overnight. "
"Core price pressures have shown signs of picking up recently which was markedly reflected in the Tokyo data published earlier this month."

"Inflationary pressures are starting to put more pressure on Bank of Japan (BoJ) to hike rates again."
"PMIs will also be released overnight. So far, the economic recovery has been resilient to higher energy prices, not least due to price caps."
"A solid growth picture points towards another BoJ rate hike in December, as we see it."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)