Japan PPI for September: +3.0% y/y (expected +2.9%)

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 guide to what it is. One thing it is not is CPI (consumer price inflation), which is well under the rates being reported for PPI

+3.0 % y/y

• expected +2.9% y/y, prior +3.0%

+0.3 % m/m

• expected +0.2%, prior 0.0%

Japanese data, so its unlikely to move the FX much. Focus is on stocks and risk, so yen is on the bid side today and has been ever since the big slide in stock began overnight (or earlier depending on your horizon)

The data also includes a measure called 'domestic final goods prices' which is a loose tracker of CPI, its up 0.8% y/y, which fits with reported national headline CPI give or take a tic.