Japan April CPI remains well above the Bank of Japan target rate ...Middle East

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Headline rate is 3.6% y/y

expected 3.5%, prior 3.6%

expected 3.4%, prior 3.2%

CPI excluding Fresh Food, Energy 3.0% y/y

expected 3.0%, prior 2.9%

These inflation rates are going to keep the pressure on the Bank of Japan to raise interst rates.

This article was written by Eamonn Sheridan at www.forexlive.com.

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