Japan data - March Services PPI 2.3% y/y (prior +2.1%)

Japan's Services PPI is AKA the Corporate Services Producer Price Index.

Its published by the Bank of Japan.

+2.3% y/y

• expected +2.1%, prior +2.1% y/y

This has accelerated for the second month. The Bank of Japan is keenly watching services prices as a key indicator of whether wages and inflation are rising together.