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J.P.Morgan Also Look For Different Dynamics In Tokyo Core CPI Measures

JAPAN

J.P.Morgan note that “In the March Tokyo CPI report, we look for the official core CPI (ex.fresh food) to drop further, reflecting the start of the government’s electricity subsidy. However, we expect other core measures to continue to rise, reflecting the lagged cost pass-though, particularly for services.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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