Japan’s measures of underlying inflation in December:

• Trimmed mean CPI inflation eased -0.3 ppts to 1.9% YoY (lowest since December 2024).
• Weighted median CPI inflation eased -0.5 ppts to 0.8 YoY (lowest since October 2024).
• The mode CPI inflation fell was unchanged at 1.4% YoY (lowest since June).