Japan - PPI for October: +1.1% m/m (expected +1.2%) % -0.4% y/y (expected -0.3%)

In short you can think of this as inflation at a business-to-business level.

(Economics PhD's and such - feel free to complain in the comments)

+1.1% m/m

• expected +1.2%, prior 0.0%

-0.4% y/y

• expected -0.3%, prior -1.1% y/y

Wholesale prices still on the slide y/y, but a pick up m/m.

In the release is also an indication of consumer prices. The 'domestic final goods prices' index.

• comes in at down 1.4% y/y. The BOJ inflation target is 2% so … let me find that cut and paste … way, way below target. The 'domestic final goods prices' is loosely correlated with CPI only, so maybe its not as below target as it appears (more for the eco folks to comments on below).