Japan’s headline inflation for March moderated to 2.7%, down from 2.8% seen in February. Core inflation stood at 2.6%.
The Tokyo Stock Exchange , operated by Japan Exchange Group Inc. , in Tokyo, Japan, on Friday, Feb. 16, 2024. Kosuke Okahara/Bloomberg via Getty Images
On Friday, Japan released its March inflation data, with the headline inflation rate coming in at 2.7%, down from the 2.8% seen in February. Iran's Fars news agency reported that explosions were heard near the Isfahan airport, but emphasized that the reason was unknown.Japan headline inflation eases to 2.7% in March, core inflation holds steady at 2.6%Core inflation in the country stood at 2.6%, in line with expectations from economists polled by Reuters and down from February's 2.8%.
"Yesterday's pop in put/call ratios + the recent increase in"short" S&P ETF volumes have caught our eye as price action begins to affect behavior," Verrone said. "The prevailing consensus is that inflation's recent pickup is an anomaly, and that inflation will return to its low pre-pandemic run-rate ahead," the firm wrote on Wednesday."The last three CPI reports support MRB's view that the consensus is mistaken."
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