"Japan's inflation rate has weakened
markedly as the effects of the April 2014 tax hike fade... The Bank of Japan
(BOJ) may need to ease monetary policy further to reach its 2 percent inflation
goal by mid-2016," Moody's analysts wrote in a note. Also due on Friday, the
jobless rate likely rose to 3.4 percent in June, Moody's estimated, a tick-up
from 3.3 percent in the prior two months, as "labor demand wasn't strong
enough to absorb new entrants" into the workforce.
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