Insights on the Impact of Japanese Inflation Data Release on Good Friday
Thursday, 28 March 2024, 02:35
Important Japanese Inflation Data Release on Good Friday
Good Friday, 29 March 2024, is a holiday in much of the Asian time zone. New Zealand, Australia, Singapore, and Hong Kong are all out for the day. Markets are closed in those centers. However, Japan and mainland China reopen.
Key Information on Tokyo Inflation Data
- Tokyo CPI measures changes in prices in the Tokyo metropolitan area.
- It serves as a leading indicator of national CPI trends.
- Historically, Tokyo CPI has been slightly higher than national Japan CPI due to the cost of living differences.
Forex intervention by the Bank of Japan: Given the widespread holidays, there may be potential yen support actions by the Bank of Japan. Stay alert for updates on this front.
Stay tuned for further analysis on the financial implications of the upcoming data release.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.