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Japanese Inflation Records First Double Surge in Two Years


March, 31 2017
watermark Economic news

Japanese core consumer prices increased by a fraction for the second consecutive time last month, while the country’s jobless rate plummeted to its lowest recorded levels since 1994. The majority of economists are expecting that an increase in oil prices and a drop in the yen’s value would pave the way for core inflation to rise by almost 1% during the latter part of 2017. However, BoJ’s Kuroda has cautioned that the price momentum of the BoJ’s 2% inflation goal might not be enough and that actual evidence of intrinsic inflation would be needed first before increase their long-term interest rate goal.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.