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28 Mar 2014
Japans Inflation Numbers Positive
FXStreet (Bali) - Japan offered a data feast and the inflation numbers sparked some support for the Yen.
Japan's National Consumer Price Index (YoY) (Feb) came at 1.5% vs 1.4% last, with the CPI Ex Food, Energy (YoY) (Feb) coming at 0.8% vs 0.7% last, and the CPI Ex-Fresh Food (YoY) (Feb) at 1.3% vs 1.3% last. With regards to Tokyo area, the Consumer Price Index (YoY) (Feb) was 1.3% vs 1.1% last, with the CPI ex Food, Energy (YoY) (Feb) standing at 0.4% vs 0.5% last, while the CPI ex Fresh Food (YoY) (Feb) came at 1.0% vs 0.9% last.
Overall, the inflation numbers are a positive input for the Bank of Japan, which aims to achieve an era of sustainable 2% inflation in the economy.
Japan's National Consumer Price Index (YoY) (Feb) came at 1.5% vs 1.4% last, with the CPI Ex Food, Energy (YoY) (Feb) coming at 0.8% vs 0.7% last, and the CPI Ex-Fresh Food (YoY) (Feb) at 1.3% vs 1.3% last. With regards to Tokyo area, the Consumer Price Index (YoY) (Feb) was 1.3% vs 1.1% last, with the CPI ex Food, Energy (YoY) (Feb) standing at 0.4% vs 0.5% last, while the CPI ex Fresh Food (YoY) (Feb) came at 1.0% vs 0.9% last.
Overall, the inflation numbers are a positive input for the Bank of Japan, which aims to achieve an era of sustainable 2% inflation in the economy.