In Fact, the core consumer price index (CPI) rose for a ninth consecutive month in March, to 1.3% which was according to analysts forecast and labor demand improved, all these data are showing that the economy is making progress to tackle many years of deflation.
In addition, Retail spending rebounded, gaining 3.6 percent in February better than expectations of a 3.2 % rise. Also the jobless rate in February stood at 3.6 percent, against market expectations of 3.7 %. Accordingly, the yen recovered slightly and major yen crosses were little changed following the data. The currency was trading around 102 against the greenback and 140.4 against the euro. However, the Nikkei meanwhile opened 0.36 percent lower.