Tokyo inflation moderates, supporting BoJ’s measured approach

Japan Tokyo CPI core (ex-food) slowed slightly from 2.5% yoy to 2.4% yoy in March, matched expectations. Headline CPI ticked up from 2.5% yoy to 2.6% yoy. CPI core-core (ex-food and energy) also slowed from 3.1% yoy to 2.9% yoy. Service price gains slowed to from 2.1% yoy to 2.0% yoy. This constellation of data […]

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