Japan National CPI Ex Food, Energy (YoY): 0.4% (April) vs previous 2.2%

Japan's inflation numbers came a touch better-than-expected, but the figures are still far from BOJ 2% sustained inflation target. When reading the numbers, one needs to bear in mind that the Central Bank has estimated that the consumption tax hike last year added 1.7% to YoY CPI in April 2014, and 2.0% the following month.