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Mizuho Outline Expectations Into Tokyo CPI


Looking at the Tokyo CPI release, Mizuho forecast “y/y change of +3.3% in the all-items index, +3.2% in the core index, +3.2% in the BOJ's preferred definition of the core index, and +1.8% in the western-style index. The core CPI in Tokyo has risen Y/Y in each of the past 18 months. The increase slowed in February because of the government's action to lower household electricity and gas bills. We expect another slight slowing this time.”

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