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MNI BRIEF: Pressure As Japan's Feb Corporate Goods Index Jumps

Policy
TOKYO (MNI)

Japan's corporate goods price index rose 9.3% y/y in February, for the highest level since December 1980 at 10.4%, and marking a worsening of the terms of trade and a squeeze on corporate profits, Bank of Japan data showed on Thursday.

The data is expected to add pressure on businesses to raise retail prices. February CGPI rose 0.8% m/m, after rising 0.8% in January.

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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