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MNI BRIEF: BOJ To Shift CGPI Base Year To 2020 from 2015

TOKYO (MNI)

The Bank of Japan said on Monday it will shift the base year of the corporate goods price index to 2020 from 2015 and will release details of the final decision in mid-2022.

The year-on-year change in the corporate goods price index may be lowered by an average 0.3 percentage point as the base year changes to 2020 from 2015. The BOJ changes the base year every five years. The number of commodities in the new index will be cut to 909 from 1,213.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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