This indicator measures the year-over-year change in consumer prices in Tokyo, excluding volatile food and energy costs.
Releases at
00:30
Thursday, October 29, 2026 at 00:30
This release provides insight into underlying inflation trends in Japan's capital, stripping out food and energy prices which can be volatile.
Central banks and investors watch this measure to gauge core inflation pressures, which influence monetary policy decisions such as interest rate changes.
A higher reading suggests rising inflation, which could prompt tighter monetary policy, while a lower reading indicates subdued inflation pressures, potentially leading to looser policy.
Markets may anticipate tighter monetary policy, leading to a stronger yen and lower bond prices.
Markets may expect continued monetary easing, resulting in a weaker yen and higher bond prices.
Markets typically show little reaction, as inflation trends are as anticipated.