<p>Japan February inflation figures. </p><p>Consumer Price Index, headline rate 3.3% y/y</p><ul><li>expected 4.1%, prior 4.3%</li></ul><p>CPI ex-Fresh Food 3.1% y/y (this is the 'core' rate)</p><ul><li>expected 3.1%, prior 4.2%</li></ul><p>CPI ex Food, Energy 3.5% y/y (this is 'core-core' rate, the closest to the US measure of core CPI) </p><ul><li>expected 3.4%, prior 3.2%</li><li>3.5% is the highest since January 1982</li></ul><p>The headline rate dropped from January, in line with a similar result from the Tokyo area February CPI three weeks ago. Core and core-core rates, showing underlying inflationary pressures, are far more sticky though. The Bank of Japan expects inflation to be transitory and to decline from around September/October so its too early to draw any hard conclusions about the implications of this data for BOJ monetary policy. </p><p>Bank of Japan Governor Kuroda finishes up at the Bank on April 8. He'll be replaced by Kazuo Ueda, on the right in the pic below:</p> This article was written by Eamonn Sheridan at www.forexlive.com.

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