Mixed inflation figures in Japan, Yen non-reactive

Japanese inflation numbers for January (nation-wide) and February (Tokyo) saw a mixed-bag outcome, with overall reads still being far from BOJ's desired 2% target. A pick up in global demand, which helped Japanese exporters, coupled with higher domestic demand on rising stocks, were factors contributing to the mild rise in January's nation-wide readings. However, these slightly improved CPIs were somewhat eclipsed by the declines seen in Tokyo CPIs for February. Overall household spending saw a significant decline at -1.2% vs -0.4% exp and -0.3% last. The Japanese Yen is exchangning hands at 114.41 at present, having seen barely any change in its rate vs the US Dollar ahead of the Tokyo open. 

Headlines

Japan National CPI Ex-Fresh Food (YoY) came in at 0.3%, above expectations (0%) in January

Japan Tokyo CPI ex Food, Energy (YoY) remains unchanged at 0% in February

Japan National CPI Ex Food, Energy (YoY) unchanged at 0% in January

Japan Tokyo CPI ex Fresh Food (YoY) came in at -0.3%, below expectations (-0.2%) in February

Japan Overall Household Spending (YoY) below expectations (-0.4%) in January: Actual (-1.2%)

Japan Unemployment Rate meets forecasts (3%) in January

Japan National Consumer Price Index (YoY) rose from previous 0.3% to 0.4% in January

Japan Jobs/applicants ratio came in at 1.43, below expectations (1.44) in January

Japan Tokyo Consumer Price Index (YoY) fell from previous 0.1% to -0.3% in February