Heads up for Japanese inflation data due Friday. Will be way above target, again. ...Middle East

Japanese national inflation data for October will be published on Friday, 24 November at 2330 GMT, which is Thursday, 23 November at 1830 US Eastern time. We had Tokyo area CPI for October three weeks ago:Japan inflation data - Tokyo area CPI for October headline 3.3% y/y vs. 2.8% priorHeadline and core rates of inflation have been above the Bank of Japan's 2% target for more than a year. If you've been following along you'll know that the Bank of Japan had insisted, over and over again, that they expected high inflation levels (for Japan) to be transitory. The Bank is now waiting for Spring (Japan Spring 2024) wage negotiations to show signs that pay rises will support sustained and stable

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