Tokyo Core Inflation Set to Soar, BOJ Rate Hike Anticipated

The upcoming Tokyo CPI (Consumer Price Index) reading is expected to show a sharp increase in core inflation, reaching 2.4% or higher.

This would reinforce expectations of another interest rate hike from the Bank of Japan and could lead to a stronger yen and increased short-dated Japanese government bond yields.

The Tokyo CPI is often seen as a leading indicator of national trends, so a strong reading would likely influence the BOJ's decision-making on future policy moves.