Japan September Services PPI ... out (after a good sized delay!) at +0.6% y/y

  • expected +0.6% and prior of +0.7%

Well, that took a while, and comes in on expectations. Little response from the yen. But there rarely is on this data point really.

-

The Corporate Services Price Index (CSPI) measures the change in the price of goods sold by corporations. It is a leading indicator of consumer price inflation. Or, at least that what the BOJ are hoping!

The Bank of Japan is still way behind of an achieving the 2% CPI target.