Japan data, March PPI 2.6% y/y (expected 2.4%, prior 2%)

Japan March PPI 2.6% y/y

• expected 2.4%, prior 2%

and 0.8% m/m

• expected 0.9%, prior -0.1%

I'll have more to come on this separately, details and implications.

ADDED:

• Japan wholesale inflation jumps as BOJ flags stagflation risk from oil shock