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PPI down 19th straight month www3.nhk.or.jp
The latest data shows company managers in Japan have been paying less for their materials due to a stronger yen and lower oil prices.
The index for prices on goods traded among companies fell in October for the 19th straight month.
Officials at the Bank of Japan say the producer price index was down 2.7 percent from the same time last year. The figure has been in negative territory since April last year.
The fall is mainly due to lower prices for nonferrous metals, such as copper. They dropped over 11 percent, on the back of a higher yen and a slowdown in China. Cheaper petroleum and coal products were another factor. They were down by more than 7 percent due to lower oil prices.
Officials say the rate of decline has been moderating gradually. They say they're going to monitor any effects the US elections have on producer prices.
Published Date:2016-11-11
