Japanese CPI excluding fresh food was flat on year in May, as expected, vs -0.4% in April as a weakening yen sent utility costs up at the fastest pace in almost five years. Core CPI was -0.4% vs -0.6% previously and -0.3% consensus. "Deflationary pressure appears to be broadly weakening," says Hideki Matsumura of the Japan Research Institute. "The figures could turn positive from next month." (PR)
Japanese CPI excluding fresh food was flat on year in May, as expected, vs -0.4% in April as a...
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