Date: Friday 25 May 2012
Japanese inflation data for April was in line with market expectations, with the core rate continuing to indicate deflationary conditions in the Japanese economy.
The annual rise in the General Consumer Price Index (CPI) narrowed to 0.4% in April, as predicted by the market, from March's inflation rate of 0.5%.
The core CPI for April was 0.3% lower than it was a year earlier, after being down 0.5% year-on-year (y/y) in March. The market had been expecting a negative annual inflation rate of 0.4%.
CPI excluding fresh food for April was up 0.2% y/y, unchanged from March, but ahead of estimates of a 0.1% gain.
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