Tokyo February headline CPI +2.9% y/y (2.7% expected) ...Middle East

To round it out, all three are also above the Bank of Japan 2% target.

Tokyo CPI +2.9% y/y

expected 2.7%, prior +2.9%

expected 2.2%, prior 2.2%

CPY excluding fresh food & energy 2.2% y/y

expected 2.0%, prior 1.9%

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As background to 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 cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example This article was written by Eamonn Sheridan at www.forexlive.com.

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