Published: 2026-05-22T04:53:24.000Z
USD/JPY flows: CPI Shielded By Stimulus
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Japan April National Headline CPI 1.4% y/y
The Japan National CPI remain shielded by stimulus as we see headline and ex fresh food at 1.4% y/y. Ex fresh food and energy also slipped below 2% at 1.9% y/y. The extension of energy stimulus is till June and figures before that has limited credibility. The underlying inflation would arguably be more important but was previewed by soft household consumption.
USD/JPY is trading 0.08% higher at 159.06.