Whloesale prices lower again in Japan
-1.5% m/m
- expected -0.8%, prior -0.9%
-2.3% y/y
- expected -1.4%, prior -0.4%
This is not CPI. But, as part of the release is the 'domestic final goods' price indicator which is -2.5% y/y. This loosely tracks the CPI.
The BOJ CPI target is 2% y/y. If this indicator is any guide the bojj Bank of Japan will not be dialling back easing any time soon.
