Asia-Pacific markets are all in the red today as Japan's core inflation for March was unchanged from February, steady at 3.1%. This level is well above the Bank of Japan's target range as government subsidies so far only had a limited effect in bringing down price pressures. High inflation has battered Japan's economy since late 2022. Friday's reading comes ahead of a Bank of Japan meeting next week, where the bank is widely expected to maintain its ultra-loose policy under new head Kazuo Ueda.

#JapanEconomy #JapanInflation #BankofJapan