Japan October PPI +1.2% m/m (expected +0.4%)

Japan PPI for October +1.2% m/m, well above the central esimate

• expected 0.4%, prior 0.3% m/m

+8.0% y/y to its highest since January of 1981. That's a long time ago!

• expected 7.7%, prior 6.3% 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.

This from earlier:

• Indications at least some Japanese firms are planning to hike prices