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日本核心消費者物價指數(不含生鮮食品但包括燃料)3月年增 2.6%,與2月 2.8% 之四個月高點有所回調。 儘管日本經濟復甦緩慢,核心通膨率依然連續 24 個月高於日本央行 (BOJ) 設定的2% 目標。 物價減速歸因於食品類僅溫和上揚,而持續性通膨則是由日元貶值和大宗商品價格回漲所推動。
因應薪資上漲和通膨,日本央行在3月改變其貨幣政策,自2007年以來首次升息。 不過,預估該行將在一段時間內維持寬鬆立場。 日本央行委員野口旭表示,未來政策調整的步伐預期是漸進的,不能與其他主要發達經濟體採取的緊縮週期相比較。
雖然3月核心通膨數據為2.6%,但低於市場預期的2.7%,這還是突顯日本持續存在的通膨壓力,促使日本央行努力朝利率正常化前進。

(核心通膨率,日本總務省統計局)
在週三舉行的首次美日韓三邊會議上,三國的高級財務官對近來日元和韓元重貶表示共同擔憂。 三方承諾保持密切溝通協調,以應對貨幣市場波動。
會後日元持穩,兌美元匯率接近 154 水平,但仍驚險地接近本週稍早觸及的 34 年低點。 美日貨幣政策分歧走向,致使日元幣值可能持續疲軟。

(USDJPY年線圖)
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