Japan PPI Services is also known as its Corporate Services Price Index (CSPI).
Rose 2.8% y/y in April 2024
- expected +2.3%
- prior +2.3%
The Bank of Japan will take encouragement from this sign of inflation pressure, the Bank is keen to move further away from loose policy and higher inflation will help it do so. Of course, this has to flow into consumer prices to be effective.