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Reuters: Japan inflation hits 10-yr high; bonds hit hard

Started by chris, April 25, 2008, 10:00:06 AM

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chris

Japan inflation hits 10-yr high; bonds hit hard
      


TOKYO (Reuters) - Japanese annual inflation hit a decade-high of 1.2 percent in March, helping trigger one of the biggest ever sell-offs in yen bonds as investors realized Japan has no immunity from price pressures facing the rest of the world, and that could eventually lead to a rate hike despite a weak economy.
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