manassanant pamai
- Data showed that producer prices in Japan increased by 0.8% year-on-year in March, accelerating from an upwardly revised 0.7% gain in February and posting the highest reading since October last year.
- On a monthly basis, producer prices rose 0.2% in March, unchanged from February but coming in below forecasts of 0.3%.
- On Tuesday, Finance Minister Suzuki and Bank of Japan Governor Ueda warn against limiting measures to deal with excessive yen moves, citing a potential easing of monetary stimulus if inflation continues to rise.
- ETFs: (JEQ), (EWJ), (DXJ), (FXY).
- Japan’s Nikkei 225 (NKY:IND) fell 0.48% to close at 39,582 on Wednesday, with Japanese shares snapping a two-day advance as producer inflation in the country climbed in March.
- (USD:JPY) is trading at 151.783.
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More on Japan
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Japan’s industrial output slips 0.1% in February, retail sales exceed forecasts
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Japanese shares hit all-time high after inflation accelerates in February
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Japan’s trade deficit shrinks more than expected amid robust U.S., China demand
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Japan’s manufacturing activity rises to 48.2 in March; services PMI increased to 54.9
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Japan’s central bank hikes interest rate after 17 years, scraps yield curve control