Goldman Sachs on Japan inflation: "We expect a small acceleration in core CPI"

Japanese CPI data is due for release on Friday

Goldman Sachs have a (very quick) preview:

• We estimate the national core CPI (excluding fresh food) rose 0.4% yoy in May,
  up slightly from +0.3% in April (partly due to continued energy price rises), while
  the new national core CPI (excluding fresh food and energy prices) was
  unchanged from April, at 0.0%

Yes .... that is quick.

Here is their other quick previews on the other data due from Japan on Friday:

• We estimate production declined 3.0% in May (April: +4.0% mom), as
  consumer durable manufacturers were planning large production cuts for May

And, due on Thursday:

• May retail sales are likely to have decelerated to +2.5% yoy growth (April:
  +3.2%) and real household spending to -1.5% yoy (April: -1.4%), partly due to
  unfavorable weather earlier in the month.