"The capital outflow is very much linked to renminbi depreciation expectations," Shen Jianguang, a China economist at Mizuho Securities, said.

“资本外流与对人民币贬值的预期紧密挂钩，”在瑞穗证券研究中国的经济学家沈建光说。

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Chen Jianguang, chief economist at Mizuho Securities, said the price trend this year was not optimistic, it was expected that annual CPI will increase by around 1.6%.

瑞穗证券首席经济学家沈建光称，今年物价走势不容乐观，预计全年CPI涨幅在1.6%左右。

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"Price rises will ease, but will not head south, " said Jianguang Shen, chief China economist with Mizuho Securities Asia.

BBC: China new home prices rise in February

"It's not that people want to buy JGBs today, it's that they have to buy, " said Mizuho Securities strategist Teruyoshi Sotome.

WSJ: Tokyo Stocks Up as Investors Embrace Bank of Japan Easing Plan

"This doesn't have anything to do with Abenomics, " said Yasunari Ueno, chief market economist at Mizuho Securities, referring to the output figures.

WSJ: Japan Industrial Production Rises 1.7%