Japan CPI data for March - headline inflation 0.4% y/y (vs. expected 0.4%)

Inflation data from Japan

National CPI 0.4% y/y

• expected 0.4%, prior was 0.4%

National CPI 0.4% y/y excluding Fresh Food

• expected 0.4%, prior was 0.6%

National CPI excluding Food, Energy 0.6% y/y

• expected 0.6%, prior was 0.6%

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Inflation way below the Bank of Japan target, as always. The Bank meet next week:

• BOJ will shorten its policy meeting to one day only
• BOJ is considering further downgrades to its assessment of the economy