The Bank of Japan announced that the preliminary estimate for the domestic corporate Commodity Price Indices (PPI) in Japan for April showed a month-on-month increase of 0.2%, which is lower than the market expectation of a 0.3% increase, and a previous increase of 0.4%. On a year-on-year basis, there was a 4% increase, in line with market expectations, with the previous value revised to a 4.3% increase.
In terms of yen, Japan's export price index for April decreased by 2.1% month-on-month, with the previous value revised to a decrease of 0.9%. Year-on-year, it turned down by 4.2%, with the previous value revised to an increase of 0.1%. The import price index for April decreased by 2.9% month-on-month, with the previous value revised to a decrease of 1.5%. Year-on-year, it decreased by 7.2%, with the previous value revised to a decline of 2.4%.
At fixed Exchange Rates, Japan's export price index for April showed a month-on-month decrease of 0.3%, with the previous value revised to no change. Year-on-year, it turned down by 0.4%, with the previous value revised to an increase of 0.5%. The import price index for April decreased by 0.6% month-on-month, with the previous value falling by 0.2%. Year-on-year, it decreased by 2.6%, with the previous value revised to a decline of 2%.
