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Japan’s National CPI climbs 3.6% YoY in March, Core CPI rises as expected

Japan’s National Consumer Price Index (CPI) rose by 3.6% YoY in March, compared to the previous reading of 3.7%, according to the latest data released by the Japan Statistics Bureau on Friday.

Further details unveil that the National CPI ex Fresh food arrived at 3.2% YoY in March versus 3.0% prior. The figure was in line with the market consensus of 3.2%.

CPI ex Fresh Food, Energy rose 2.9% YoY in March, compared to the previous reading of 2.6%.

Japan National CPI ex Fresh Food (YoY) in line with forecasts (3.2%) in March

Japan National CPI ex Fresh Food (YoY) in line with forecasts (3.2%) in March
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USD/JPY weakens below 142.50 as Japanese CPI came in at 3.6% YoY in March

The USD/JPY pair softens to near 142.25 in a thin trading volume session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid concerns over the economic impact of tariffs. 
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