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Sunday, October 28, 2012

Japan remains mired in deflation.

 Japanese CPI fell 0.1% on year in September vs consensus of -0.2%, with the continued deflation increasing the pressure - not least from the government - on the Bank of Japan to announce further easing in a policy meeting next week. "the BOJ will top up its asset-buying program by 10T ($125B) yen."

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