Although CPI excl. fresh food in March was in line with expectations, increasing core inflation and the preliminary April CPI figures for Tokyo both indicate that inflation in Japan is increasing faster than expected. Hence we have increased our inflation forecast.

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This entry was posted on Monday, April 28th, 2008 at 4:04 am and is filed under Forex Market View. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.