UPDATE 1-Tokyo inflation slows in March, clouding rate hike outlook [Yahoo! Finance]
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Source: Yahoo! Finance
Weak consumption, output cloud outlook for Japan's economy By Leika Kihara TOKYO, March 29 (Reuters) - Core inflation in Tokyo increased by 2.4% in March, data showed on Friday, slowing slightly from the previous month's reading in a sign of easing pressure from rising raw material costs. The data suggest the Bank of Japan (BOJ) may be cautious in implementing further interest rate hikes, after ending an eight-year negative interest rate policy last week. The rise in the core consumer price index (CPI) in the Japanese capital, an early indicator of nationwide figures, matched a median market forecast and followed a 2.5% increase in February. A separate index excluding the effect of both fresh food and fuel costs, viewed as a broader price trend indicator, rose 2.9% in March from a year earlier after a 3.1% gain in February, the data showed. The central bank has said its decision to end negative rates last week was driven by signs that robust demand and the prospect of hig
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