Japan PPI slowed from 10.5% yoy to 9.5% yoy in January, below expectation of 11.2% yoy. Sitting at 119.8 and unchanged from prior month, corporate goods price index matched the record high made in December.
On Yen basis, export price index slowed further to 9.0% yoy, comparing to the peak of 20.1% yoy made in September. Import price index also slowed to 17.8% yoy, comparing to the peak of 49.2% made in July. For the month, export price index declined for the third month, by -1.9% mom. Import price index dropped for the fourth month, by -3.9% mom.
