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BREAKING: 🇯🇵 Japan's Tokyo Core CPI just came in at 1.7% for March. Below the 1.8% forecast. Below last month's 1.8%.
That is the lowest reading since April 2024. Nearly two years of progress, quietly reversing.
Inflation in Japan is cooling faster than anyone expected.
That puts the Bank of Japan in a difficult spot. They just started raising rates. Now their own inflation data is heading the wrong way.
Watch the Yen. This changes the math.