- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessREPEAT: Japan July Producer Prices +2.6% on Fuels; June +2.2%
--Repeating Story Published at 1003 JST (0103 GMT/2103 ET)
--Japan July CGPI +2.6% Y/Y, MNI Median Forecast +2.3%
--Japan July CGPI +0.3% M/M, MNI Median Forecast +0.2%
TOKYO (MNI) - The monthly corporate goods price index (CGPI) with a 2015
base year was released by the Bank of Japan Thursday.
* The key indicator of domestic producer prices rose 2.6% on year in July,
the seventh straight month of year-on-year increases after rising 2.2% in June,
led by higher costs for fuels, steel and metals.
* The increase was stronger than the MNI survey median forecast of +2.3%
and remained the largest gain since +2.6% in November 2014.
* Prices for petroleum and coal products rose 11.8% on year in July,
accelerating from +10.8% in June. Prices for nonferrous metals rose 13.0% on
year in July, also up from +11.4% in June. Prices for scrap and waste jumped
32.0% on year in July after +20.7% in June.
* Despite the recent pickup in producer prices, consumer inflation remains
weak, as firms remain cautious about raising retail prices amid concern that
higher prices would lower sales. However, the recent pickup in private
consumption may prompt some companies to gradually raise prices.
* On the month, the CGPI was up 0.3% in July (higher than the MNI survey
median forecast of +0.2%) after rising 0.1% in June. Higher costs for power
generation and non-ferrous metals offset lower prices for chemical products and
fuels.
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email: max.sato@marketnews.com
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.