Japan PPI: -2.1% y/y (-2.2% expected)

Japan PPI for May:

+0.3 % m/m

• expected +0.2%, prior was +0.1%

-2.1 % y/y

• expected -2.2%, prior was -2.1%

Also known as the CGPI (Corporate Goods Price Index)

We had machinery orders at the same time, here: Japan April Machine Tool orders: +3.8% m/m (expected -2.1%)

Meanwhile, USD/JPY yawns: