Japan PPI for October
-0.4% m/m
- expected 0.0%, prior -0.3%
+0.8% y/y
- expected +0.9%, prior +2.0%
- first time under 1% since February 2021
Slowing inflation at the business level, indeed deflation m/m, in Japan makes the case for an imminent tightening of Bank of Japan monetary policy not imminent at all!
![Bank of Japan Governor Ueda 03 October 2023](https://images.forexlive.com/images/Bank%20of%20Japan%20Governor%20Ueda%2003%20October%202023_id_ea6f0124-0147-492a-8669-e613dbf754c7_original.jpg)
Bank of Japan Governor Ueda