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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Consumers consuming'

24 May 2024

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Japan’s April consumer price inflation was a little dull—the inflation rate slowed more or less as expected, as food prices offered disinflation. Some sources of inflation are probably not domestic in origin—although the rate has moderated, hotel price inflation remains close to 20% y/y. Very strong foreign tourist numbers helped push up those prices.

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