Abe considering economic panel ahead of G7 Summit in May – Japan’s Suga

Japanese Chief Cabinet Secretary Yoshihide Suga was on the wires via Bloomberg earlier today, noting that PM Shinzo Abe is considering to hold a meeting of Japanese and foreign experts to hear their opinions on global economy and financial situation.

Key Quotes:

Details to be announced when they are decided

Idea came from Abe, as host of Group of Seven Summit

Separately, Japan’s Yomiuri newspaper reported that the details of the panel will be announced later today and that Abe, Finance Minister Taro Aso and central bank chief Haruhiko Kuroda are likely to be on the panel of experts.

Eurozone inflation falls to 1 year low – Investec

Research Team at Investec, notes that the Euro area February inflation figures came in softer than expected as headline CPI inflation fell back into negative territory in February at -0.2%, its lowest rate in 12months.
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USD/JPY: 120-pips recovery falters near 20-DMA

USD/JPY’s unstoppable bullish run from near 112 handle ran out of steam just below 20-DMA at 113.41, and the major eased from there although stays above 113 handle.
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