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Japanese inflation goes from bad to worse

Japanese inflation numbers just went from bad to worse, with Tokyo May figures all coming worse than the previous month, while the national CPI for April was also poor. 

Key headlines

National CPI y/y for April came in at -0.3% y/y vs -0.4% expected and -0.1% last
 
National CPI y/y excluding Fresh Food for April came in at -0.3% y/y vs -0.4% expected and -0.3% last
 
National CPI excluding Food, Energy y/y for Apri stood at +0.7% y/y vs 0.7% expected and +0.7% last
 
Tokyo CPI y/y for May came at -0.5% y/y vs -0.5% expected and -0.4% last
 
Tokyo CPI excluding Fresh Food y/y for May was 0.5% vs -0.4% expected and -0.3% last
 
Tokyo CPI excluding Food, Energy y/y for May came at +0.5% vs 0.6% expected and 0.6% last

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