Japan PPI for May a little higher than expected

  • +0.7% m/m vs expected 0.5%, prior 0.7% m/m

  • +4.9% y/y vs. expected 4.5%, prior 3.6% y/y

In the release is also an indication of consumer prices. The 'domestic final goods prices' index, which is said to loosely correlate with CPI, comes in at +2.4% y/y. Japanese CPI is nowhere near this according to official CPI data.