ANZ on another potential tailwind for the yen - Has the Japan Import Price Index turned?

ANZ research in Australia have provided this grapoh of Japan's import price index:

Comments:

• Has the Japan Import Price Index turned for good?
• With commodity prices falling, the Import Price Index may have peaked.
• A bigger concern for BOJ is now wage inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term as highlighted in its Summary of Opinions

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Rising import prices have been a factor weighing on the yen. If they've turned lower it'll be a positive for the yen.