Japan data September PPI -0.8% y/y (vs. expected -0.5%)

Japan PPI for September is -0.2% m/m

• expected 0.0%, prior 0.2% m/m

-0.8% y/y

• expected -0.5%, prior -0.5% y/y

Producer Price Index is inflation at a business-to-business level (in a nutshell). It is also known as the Corporate Goods Price Index, which is probably a better indication as to what it is.

In the release is also an indication of consumer prices. The 'domestic final goods prices' index, which loosely correlates with CPI. Comes in at -1.3% y/y.