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BUND TECHS

(M1) Bearish Focus

AUSTRALIA DATA

Australia Mar Retail Sales +1.3% M/M; -0.5% Q/Q

CHINA RATES

China Repo Rates Increase: Wind

CHINA PRESS

China Should Reduce Dollar Assets: Ex-PBOC Advisor

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The Bank of Japan sees 2021 core CPI pushed lower by around 0.5 to 1.0 percentage points on the back of April's reduced mobile phone charges, the full text of the BOJ's Outlook Report released on Wednesday showed, although policymakers noted the estimate "should be interpreted with some latitude." The BOJ also sees the risk of downward pressure on CPI from the base year change to 2020 from 2015, due in part to increased weighting for phone charges.

The BOJ board's median forecast for inflation rate this fiscal year is +0.1%, revised down from +0.5% made in January.