The producer price index, which was previously the price index for corporate goods in September rose 0.2%, as expected, after a flat reading in August. The figure published by the Bank of Japan assesses the changing level of prices for goods purchased by Japanese corporations and demonstrates a correlation with the consumer price index CPI, allowing you to track production costs and cost of sales, as well as inflation in the manufacturing sector.
On a yearly basis, producer prices rose 3.0%, also in line with forecast and above the previous value of 2.9%.
Read more in the report of the Bank of Japan noted that export prices rose by 1.1% in the month and 9.4% year on year, while import prices rose by 1.8% in the month and by 13.5% yoy.
Overall prices of finished products charged to businesses grew by 1.5% yoy, at the same time, domestic prices of final goods rose 0.7% year on year.
Also today, the Bank of Japan said that overall Bank lending in Japan in September rose by 3.0 per cent to Y516,810 trillion. as in August. Economists had expected credit growth of 3.2%.
Information-analytical Department Forex club