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Japan FIG at 8 1/2 Year High

Japanese inflation pressures were flat in April but hovered near an eight-year high and would likely increase, the Economic Cycle Research Institute said.

ECRI's Future Inflation Gauge for Japan was unchanged at 98.6, down from the eight-year peak of 98.9 struck in February. "Japanese inflation pressures remain elevated," the U.S.-based institute said on Friday.