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Earlier this week the Bank of Japan left monetary policy unchanged:
The next meeting is April 30/May 1. By then we will have had the February (see below) and March CPI data. February CPI data is expected to have slipped back a little from January. While not shown below, expectations I have seen for the headline result centre on 3.5%, down from January’s 4.0%. Note that all three measures were higher than the BoJ 2% target in January.
This article was written by Eamonn Sheridan at www.forexlive.com.
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