"Japanese inflation stalls, consumption sinks" & " Japan factory production and sales disappoint" via ForexLive - Invesco CurrencyShares Japanese Yen Trust (ARCA:FXY), iShares MSCI Japan Index Fund (ARCA:EWJ)

Its been a big morning in Japan for economic data:

Fast FT have followed up the data releases with some posts, headlined

(Fast FT is gated)

Some of the points they make:

… suggest the Japanese economy is failing to recover as expected in the third quarter
Japanese inflation stalled in July
household consumption fell much more sharply than anticipated (&fourth straight month of declines since the April sales tax increase)
The jobless rate rose

Many analysts say the recent stall in inflation suggests the Bank of Japan's war against deflation is wearing thin
Industrial production fell more sharply than expected in JulyThere was also a miss in retail sales for the month

And here's the kicker … what it probably means for the BOJ:

… suggesting policymakers may have to take new action to help the economy recover after the weakest quarter of economic growth in nearly three years

I find it difficult to argue with them … (ps. bolding above is mine)

Photo of response at the BOJ (photo from unreliable source … may not be accurate :-D)