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Japanese CPI excluding fresh food was flat on year in May, as expected, vs -0.4% in April as a...

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)
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