Japan national CPI (February), headline rate -0.4% (vs. expected -0.4% y/y)

The focus is later on the announcement of the results of the Bank of Japan policy review.

Japan national level CPI -0.4% y/y

• expected -0.4%, prior was -0.6%

CPI excluding Fresh Food -0.4% y/y

• expected -0.4%, prior was -0.6%

CPI excluding Food, Energy 0.2% y/y

• expected 0.2%, prior was 0.1%

The Bank of Japan target rate is 2%.

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ICYMI:

• BOJ policy review will be fine-tuning, not an overhaul (also stealth tapering)
• Bank of Japan policy review announcement due today - preview