Japan deflation continues; bolder BoJ needed to target 2%

FXstreet.com (Barcelona) - Japanese deflation continues, with the January preliminary core CPI -0.5%yoy in Tokyo, while Japan December core stood at -0.2% yoy. The rest of indicators remained depressed, with the overall Japan CPI -0.1% on year. The data vindicates the need for stronger easing policies if they want to stimulate prices higher, which implies room for a lower Yen.