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Japan: Inflation still light years from BOJ target

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Japanese inflation continues to show no improvements amid depressed energy prices, slower domestic consumption and a weaker global economy, strengthening even more the case for further easing in Japan, should the BOJ maintain its credibility of reaching its 2% inflation target.

    Today's national CPI for January came at 0.0% y/y vs expected 0.0% and prior +0.2%, core inflation (excluding Fresh Food) stood at 0.0% y/y v expected 0.0% and prior 0.1%, while CPI excluding Food, Energy came at 0.7% y/y vs expected 0.7% and prior 0.8%.

    In Tokyo, CPI for February came at 0.1% y/y vs expected -0.3% and -0.3% last, with Tokyo CPI excluding Fresh Food at -0.1% y/y vs expected -0.2% and prior -0.1%, while Tokyo CPI excluding Food, Energy was 0.5% y/y vs expected 0.4% and prior 0.4%.
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