Not very confident Japan won't go back to deflation – Japan FinMin Aso

Japanese finance minister Aso was on the wires last hours, delivering optimistic remarks on the Japanese economy.

Key Quotes:

Japan is no longer in a state of deflation

Not very confident Japan won't go back to deflation

Japan's economic fundamentals are improving

Mar 10, 2016

China Feb CPI surprises positively, rises 2.3% y/y vs. 1.8% exp

As NBS reports: On annualized basis, China’s consumer prices unexpectedly picked-up pace in Feb, rising 2.3% versus 1.8% growth seen in Jan and came in much higher than 1.8% rise expected, marking the fastest increase since July 2014.

AUD/USD bulls relieved on China data, but...

AUD/USD is little changed on the release of the Chinese CPI and PPI data and the bulls can relax. Chinese roducer price index y/y for Feb came in line with expectations of -4.9% vs -5.3% prior. The consumer price index mom for Feb beat expectations of 1.1% arriving actual at 1.6% vs 0.5% previous.