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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI: PBOC Sets Yuan Parity Lower At 7.1020 Mon; -4.03% Y/Y
MNI: China CFETS Yuan Index Flat In Week of Mar 1
REPEAT: MNI POLICY: Tokyo CPI Picks Up; BOJ Outlook Cautious
Repeats Story Initially Transmitted at 05:34 GMT Jul 27/01:34 EST Jul 27
TOKYO (MNI) - The pace of the annual inflation rate in Tokyo, a leading
indicator of the national average, accelerated slightly in July from the
previous month, but the gradual pickup is keeping Bank of Japan officials to
remain cautious about the price outlook.
At its two-day policy meeting ending on July 31, the BOJ is expected to
keep its view that the momentum toward achieving the 2% inflation target is
"maintained" as upward pressure on prices stemming from the improving output gap
remains intact.
In central Tokyo, the core consumer price index excluding fresh food rose
0.8% on year in July for the 13th straight year-on-year rise, with the pace of
increase accelerating from +0.7% in June, government data released Friday
showed.
The core CPI rise was due mainly to higher prices for processed food (+0.8%
in July vs. +0.6% in June) and rents (+0.3% in July vs. unchanged in June).
The core-core CPI (excluding fresh food and energy) -- a key indicator of
the underlying trend of inflation -- rose 0.5% on year in July, also up from
+0.4% in June.
The CPI in the capital is a leading indicator of the national CPI due out
on Aug. 24. It indicates that the core CPI in July will rise from +0.8% on year
in June.
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email: max.sato@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.