{"id":37873,"date":"2022-11-25T08:06:00","date_gmt":"2022-11-25T08:06:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=37873"},"modified":"2022-11-25T12:40:48","modified_gmt":"2022-11-25T12:40:48","slug":"morning-brief-japanese-cpi-ramps-up","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-japanese-cpi-ramps-up\/","title":{"rendered":"Morning Brief &#8211; Japanese CPI ramps up"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"37873\" class=\"elementor elementor-37873\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-87bea25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"87bea25\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-84d1db6\" data-id=\"84d1db6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b4c0e56 elementor-widget elementor-widget-text-editor\" data-id=\"b4c0e56\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>During the Asian session, the market took its cue from a high inflation number from Japan and rumours that the People Bank of China is about to embark on a reserve ratio cut.<\/p><p>Tokyo\u2019s inflation sped to its fastest pace since 1982. The Tokyo data is used as indicative of national level inflation, which appears likely to also rise in November.\u00a0<\/p><p>The core consumer price index for the Ku-area of Tokyo in Japan surged 3.6% to 103.6 points in November 2022, accelerating at the fastest pace in 40 years amid broadening inflationary pressures due to high raw material costs and a weak <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">yen<\/a>.<\/p><p>Japanese Government Bonds came under pressure on the data, the yield on 10-year JGBs rose to near the top of the Bank of Japan target band.\u00a0<\/p><p>Tokyo\u2019s core inflation rate, a leading indicator of nationwide price trends, also exceeded forecasts for a 3.5% rise and followed a 3.4% gain in October. It exceeded the Bank of Japan\u2019s 2% target for the sixth straight month as businesses continued to pass on higher costs to consumers.<\/p><p>Still, the BOJ is widely expected to maintain ultra-loose monetary policy despite rising inflation and a weakening yen as it sees external factors driving such trends, while domestic wage growth and consumption remain soft.<\/p><p>I believe that despite rising inflation the Bank of Japan have been adamant in insisting its transitory, driven by cost-push factors that will dissipate.<\/p><p>Chinese state financial media says an RRR cut for all banks, for the record RRR refers to the amount of cash banks have to keep in reserve, in other words it Reserve Requirement Ratio.<\/p><p>The optimism that normally comes with a Chinese RRR cut was notable offset as China&#8217;s new COVID case count for the day has hit a fresh record high, nearly 32,000.<\/p><p>More bad news <a href=\"http:\/\/bit.ly\/2OccOTY\" target=\"_blank\" rel=\"noopener\">Tesla<\/a> is recalling more than 67,000 Model X and S cars imported into China. We could probably expect Tesla\u2019s share price to tumble on the open after the Thanksgiving Holiday ends.<\/p><p>Cars made during the September 2013 and November 2020 period for power management issues. There are also recalls on Model 3 vehicles, some imported and some locally made, for seatbelt issues.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>During the Asian session, the market took its cue from a high inflation number from Japan and rumours that the People Bank of China is about to embark on a reserve ratio cut. Tokyo\u2019s inflation sped to its fastest pace since 1982. The Tokyo data is used as indicative of national level inflation, which appears [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":37875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[80,737,101,61,270],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Brief - Japanese CPI ramps up - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-japanese-cpi-ramps-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Japanese CPI ramps up Morning Brief - Japanese CPI ramps up\" \/>\n<meta property=\"og:description\" content=\"During the Asian session, the market took its cue from a high inflation number from Japan and rumours that the People Bank of China are about to embark on a reserve ratio cut.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-japanese-cpi-ramps-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-25T08:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-25T12:40:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/11\/GettyImages-1395360555.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"475\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - Japanese CPI ramps up Morning Brief - Japanese CPI ramps up\" \/>\n<meta name=\"twitter:description\" content=\"During the Asian session, the market took its cue from a high inflation number from Japan and rumours that the People Bank of China are about to embark on a reserve ratio cut.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-japanese-cpi-ramps-up\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-japanese-cpi-ramps-up\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief &#8211; 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