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Monday, June 21, 2021

Japan PPI data for April +3.6% y/y (vs. expected 3.1%)

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Japan PPI for April

+0.7% m/m
+3.6% y/y
Producer Price Index is inflation at a business-to-business level (in a nutshell). It is also known as the Corporate Goods Price Index, which is probably a better indication as to what it is.

The Bank of Japan is looking for higher inflation (CPI) and may take some encouragement from this data coming in above expectations and up from March. 

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