India, March 21 -- The Japanese yen weakened against other major currencies in the European session on Friday, following the release of domestic data for February. Japan overall consumer price inflation softened in February largely due to government subsidies for energy but the increase in core inflation together with higher wage growth and services inflation put pressure on the Bank of Japan to lift key interest rates.
Data from the Ministry of Internal Affairs and Communications showed that the Japan consumer price inflation logged 3.7 percent in February, down from 4.0 percent in January. Likewise, excluding fresh food, inflation softened to 3.0 percent from 3.2 percent in the prior month.
Excluding fresh food and energy, inflation ros...