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JPY: BoJ hike risk rises with inflation – Danske Bank
Danske Bank analysts highlight that Japanese inflation is set to pick up on higher Oil prices and a weaker Japanese Yen (JPY), with markets already pricing a strong chance of an April Bank of Japan (BoJ) hike. Tokyo core CPI surprised slightly on the downside due to subsidies, but underlying measures remain firm. Rising energy costs and currency weakness threaten consumer purchasing power and the recovery, supporting a less accommodative BoJ stance. [...]