Japanese CPI highlights the Asia-Pacific economic calendar

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Eamonn is off today so I’ll be subbing during the Asia-Pacific session. It’s not a busy on in terms of economic data but there is one big highlight with Japanese CPI for March. It’s due at 2330 GMT, or 8:30 am in Tokyo.

The consensus is for 2.6% y/y, down from 2.8%. Recently, BOJ officials have been downplaying inflation and appear to be searching for other reasons to hike rates, including a soft currency.

Today Ueda said there is a chance the weak yen might affect trend inflation and if so could lead to policy shift.