(Bloomberg) -- The yen dropped to a record low versus the euro after consumer prices fell more than expected in March and industrial production declined.
Japan's currency headed for an eighth weekly loss against the euro, the worst run since January 2002, before a Bank of Japan semiannual outlook that may show inflation and growth forecasts don't support the case for raising the overnight lending rate from 0.5 percent. The yield gap between 10-year German and Japanese bonds widened to the most in 2 1/2 years.
Read more at Bloomberg Currencies News
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