Japan corporate goods inflation slows to 6.8% in September
Japan's domestic corporate goods price index rose 6.8% year-on-year in September, below the 7.6% consensus, while bank lending growth eased slightly to 5.3%.
Japan's domestic corporate goods price index increased 6.8% year-on-year in September, according to BOJ data. That was below the 7.6% expected in a poll and down from 7.6% previously. Month-on-month, the index fell 0.3%, compared with forecasts for a 0.5% rise.
Outstanding bank loans rose 5.3% year-on-year, slightly lower than the prior 5.4% reading.
The data suggest softer producer price pressures and broadly steady credit growth.
Source: First Squawk