Japan inflation eased to 2.6% in March

TOKYO, Japan — Japanese inflation slowed to 2.6 percent in March, largely in line with market expectations, data showed Friday. The year-on-year rise in prices excluding volatile fresh food — against a market consensus of 2.7 percent — followed a 2.8 percent February increase, in part thanks to lower gas bills. Stripping out fresh food and energy, prices rose 2.9 percent, against market expectations of 3.0 percent, and edged down from 3.2 percent in February. After years of deflation in the world’s number four economy, the Bank of Japan (BoJ) has sought to generate rising prices with ultra-aggressive monetary stimulus […]…

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