Producer Price Index for Japan, Nov.

3.5 % y/y

  • expected 3.3% y/y, prior 3.4%

0.4 % m/m

  • expected 0.2% m/m, prior 0.3%

Formerly known as the corporate goods price index (CGPI), it measures the price companies charge each other for their goods and services

More:

  • Overall final goods prices (the prices of finished products charged to businesses)
  • +1.4% y/y
  • Domestic final goods prices (these loosely track the consumer price index) +1.0% y/y

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Another Japanese data point, another yawn from the yen.

Still, if results such s the PPI do end up being reflected in the CPI (so far ... no) then BOJ can take their foot off the easing pedal. Core inflation at the consumer level is still well below the Bank of Japan target.