JEQ - Japan inflation rate edges down to 6-month low core inflation holds steady at 3.1%

2023-04-21 00:44:57 ET

• The annual inflation rate in Japan inched lower to 3.2% in March 2023 from 3.3% in the previous month.

• This is the second straight month of slowing inflation after Japan’s headline inflation hit a 41-year high of 4.3% in January.

• Core consumer prices went up 3.1% y/y, the same pace as in February which was the least in 5 months, matching forecasts but above the Bank of Japan's 2% target for the 12th straight month.
• On a monthly basis, consumer prices rose by 0.3% in March, shifting from a 0.6% fall in February.
• ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ).

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