FX & CFD trading involves significant risk
Japan's Ministry of Internal Affairs and Communications released its inflation data on late Wednesday evening. Japan's national consumer price index (CPI) declined to an annual rate of -0.1% in March from 0.3% in February.
Inflation was mainly driven by declines in fuel, light and water charges, and transportation and communication prices. Fuel, light and water charges slid 8.5% year-on-year in March, while transportation and communication prices declined 3.0%.
Japan's national CPI excluding fresh food fell to an annual rate of -0.3% in March from 0.0%, missing expectations for a drop to -0.2%.
The Bank of Japan's inflation target is 2%.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.