Japan PPI for October -0.4% m/m (expected 0.0%) and +0.8% y/y (expected +0.9%)

<p>Japan PPI for October </p><p>-0.4% m/m </p><ul><li>expected 0.0%, prior -0.3%</li></ul><p>+0.8% y/y </p><ul><li>expected +0.9%, prior +2.0%</li><li>first time under 1% since February 2021</li></ul><p>Slowing inflation at the business level, indeed deflation m/m, in Japan makes the case for an imminent tightening of Bank of Japan monetary policy not imminent at all!</p><p>Bank of Japan Governor Ueda </p>

This article was written by Eamonn Sheridan at www.forexlive.com.