China will be announcing their 2024 economic growth target some time today. And, you just know they are going to hit it, right? They always do. What a farce. On the data agenda ahead, notably the Tokyo area inflation data:National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.Tokyo CPI is a sub-index of the national CPIIt measures the change in prices of goods and services in the Tokyo metropolitan areaIts considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hubHistorically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The
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