Free Trial

MNI BRIEF: Japan Sept CGPI Rises 2.8% Y/Y; Import Prices Drop

MNI (TOKYO) - Japan's corporate goods price index rose 2.8% y/y in September, accelerating from August’s revised 2.6% and higher than the 2.3% market estimate, but import prices posted their first drop in eight months, falling 2.6% from the prior month's 2.5% increase, data released by the Bank of Japan showed on Thursday.

The results indicated that the drop of import prices caused by the correction of the yen’s fall will ease pressure on firms to raise prices.

Keep reading...Show less
164 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (TOKYO) - Japan's corporate goods price index rose 2.8% y/y in September, accelerating from August’s revised 2.6% and higher than the 2.3% market estimate, but import prices posted their first drop in eight months, falling 2.6% from the prior month's 2.5% increase, data released by the Bank of Japan showed on Thursday.

The results indicated that the drop of import prices caused by the correction of the yen’s fall will ease pressure on firms to raise prices.

Keep reading...Show less