in light of the recent selloff, franklin templeton saying japanese stocks are looking like an interestingtunity with strong fundamentals, but socgen is seeing more challenges, setting the 2019 target for the nikkei 225 at 400 points. far off. they would be to balance the risk of a prolonged cycle against opportunities and undervalued and oversold. you have softer and upgrading consumer staples to neutral but cutting discretionary and tech from overweight while remaining care,ight on health energy, financials, and from interior. haidi: let's get you a recap of the inflation number we got through from japan. national cpi year on year, the headline number, 1.4%, as expected. everything was paying on. core inflation picking up by 1% and excluding energy. matching the consensus expectation. let's get some analysis from tokyo. martin schulz joining us there. great to have you. energyip out food, the prices which we know are going to come down come november, there is still just not that much inflation in japan. >> yes. we are seeing it hitting the ceiling in terms of inflation. what we are seein