Japan re-enters deflation amid renewed scrutiny from S&P


Asian Market Update: Hungary cut to Junk by Moody’s; Japan re-enters deflation amid renewed scrutiny from S&P Economic Data – (JP) Japan Oct CPI y/y: -0.2% v -0.1%e; Core y/y: -0.1% v -0.1%e (4-month low); NOV Tokyo CPI y/y: -0.8% v -0.5%e; Core y/y -0.5% v -0.3%e (1-year low) – (JP) Japan OCT Corporate Service Price Index y/y: +0.1% v -0.1%e (first increase since 2008) – (PH) PHILIPPINES SEPT TRADE BALANCE: -$1.2M V -$804M PRIOR; IMPORTS Y/Y: 1 1.7% V 10.4% PRIOR – (SI) SINGAPORE OCT

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