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MNI BRIEF: Japan Oct CGPI Rises 3.4% Y/Y, Import Prices Drop

MNI (TOKYO) - Japan's corporate goods price index rose 3.4% y/y in October, accelerating from September’s revised 3.1%, and despite import prices posting their second straight drop, falling 2.2% y/y, data released by the Bank of Japan showed on Wednesday.

The data indicated that the drop of import price caused by the correction of the yen’s fall will ease pressure on firms to raise prices. Company price revisions, however, drove October's CGPI result, which increased 0.2% m/m after rising 0.3% in September.

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MNI (TOKYO) - Japan's corporate goods price index rose 3.4% y/y in October, accelerating from September’s revised 3.1%, and despite import prices posting their second straight drop, falling 2.2% y/y, data released by the Bank of Japan showed on Wednesday.

The data indicated that the drop of import price caused by the correction of the yen’s fall will ease pressure on firms to raise prices. Company price revisions, however, drove October's CGPI result, which increased 0.2% m/m after rising 0.3% in September.

Keep reading...Show less