Economy and macroUpdated 3h ago

Japan’s October producer prices beat forecasts.

The monthly reversal is the part that changes the picture: Japan’s seasonally adjusted producer prices rose 0.7% in October, after a revised 0.2% decline in September. Analysts had expected a 0.3% rise, so the increase was more than twice the forecast. The annual measure was stronger than expected too, rising 7.1% against a 6.5% forecast, up from 6.8% in September. Bloomberg says the renewed price pressure bolsters the case for a Bank of Japan rate increase next month.

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