Japan Producer Prices Slip 2.0% On Year In December

Producer prices in Japan were down 2.0 percent on year in December, the Bank of Japan said on Thursday.

That beat expectations for a decline of 2.2 percent, which would have been unchanged from the November reading.

On a monthly basis, producer prices added 0.5 percent – again exceeding expectations for an increase of 0.2 percent following the flat reading a month earlier.

Export prices were up 0.8 percent on month and down 1.3 percent on year on a yen basis, the bank said, while import prices rose 1.9 percent on month and fell 9.8 percent on year.

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