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Japan Producer Prices Sink 0.4% In October
(RTTNews) - Producer prices in Japan were down 0.4 percent on month in October, the Bank of Japan said on Monday - after easing an upwardly revised 0.2 percent in September (originally -0.3 percent).
On a yearly basis, producer prices rose 0.8 percent - slowing from the upwardly revised 2.2 percent in the previous month (originally 2.0 percent).
Export prices rose 0.1 percent on month and 1.0 percent on year, the central bank said, while import prices gained 1.3 percent on month and plummeted 12/5 percent on year.
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The Bank of Japan maintained its interest rate but lifted its inflation outlook due to rising food prices, which had added expectations of an rate hike as soon as in October.
The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
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