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Japan CPI for May, headline 3.2% y/y vs. 3.5% prior

The excluding food and energy is holding above 4%. This is the closest to US 'core' inflation. At 4.3% its another 40+ year high. Underlying price pressures in Japan remain above the headline rate. As I posted earlier the Bank of Japan are insisting that the CPI will begin to fall from around September/October:Japanese CPI data not expected to provide much clarity on potential for a July BOJ moveThe 'transitory' argument didn't work out well at all for other DM central banks. On Thursday the Ban... Read More

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Posted: Jun 22 2023, 23:30

Author Name: forexlive

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