BOJ says manufacturing prices highest since 1980, CPI expectations highest on record


A Bank of Japan official with remarks on the Tankan report released earlier:

  • the index measuring the producer prices of major manufacturers reached its highest level since May 1980
  • the index measuring the prices of the outputs of large non-manufacturers has reached its highest level since November 1980
  • the Tankan index measuring corporate inflation expectations hits an all-time high

Tankan, and other data from Japan, published earlier:

  • Japan June Manufacturing PMI 52.7 (before 53.3)

  • Japanese companies expect prices to rise faster in coming years
  • BOJ Tankan survey for Q2: manufacturing and non-manufacturing indices fall
  • Unemployment rate in Japan in May 2.6% (expected 2.5%)
  • Data from Japan – Tokyo headline CPI for June 2.3% y/y (vs. 2.2% expected)
  • USD/JPY update:

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


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