BoJ Ueda
Eamonn is off today, so I’ll be filling in during the Asia-Pacific session. It’s not a very busy topic in terms of economic data, but there is a notable development with the Japanese CPI for the month of March. He is expected at 11:30 p.m. GMT, or 8:30 a.m. in Tokyo.
The consensus is for an increase of 2.6% over one year, compared to 2.8% previously. Recently, BoJ officials have downplayed inflation and appear to be looking for other reasons to raise rates, including a weak currency.
Today, Ueda said there was a chance that yen weakness could affect trend inflation and, if so, lead to a policy change.
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