Japan CPI: (YoY) Apr: 0.2% (est 0.1%, prev 0.4%)

Ross J Burland FXStreet

Japan's Tokyo Consumer Price Index (YoY) Apr: 0.2% (est 0.1%, prev 0.4%).

Key notes

Tokyo CPI Ex-Fresh Food (Y/Y) Apr: -0.1% (est 0.1%, prev 0.4%).
Tokyo CPI Ex-Fresh Food Energy (Y/Y) Apr: 0.2% (est 0.5%, prev 0.7%).

Meanwhile, in the latest update pertaining to Japan's COVID-19 outbreak, the nations announced that it will formally decide as early as Monday whether to extend its state of emergency over the novel coronavirus, which was originally set to end on May 6, public broadcaster NHK said.

The government is planning to extend the emergency for about a month, sources have told Reuters.

Prime Minister Shinzo Abe told reporters on Thursday it would be hard to return to everyday life on May 7 and called on the country to prepare for a "drawn-out battle."

Around the same time of the day, it was stated that Japan April-June's contraction would be worst since the end of world war 2 - Nikkei.

USD/JPY Forecast: Pressure ease but bullish potential limited

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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