Data released on Monday from the Bank of Japan showed that Japan's producer price index fell -4.20% on a year over year basis, marking the biggest drop in over six years since November 2009's -5.00% declines. PPI fell on slower global and domestic demand. On a month over month basis, producer prices fell -0.30% in April, falling for the 11th month in a row. The declines were seen in falling costs for chemicals, nonferrous metals and communication equipments. The data comes ahead of the first quarter GDP numbers due for release on Wednesday, which is expected to show a 0.30% increase in annualized GDP while rising 0.10% in the first three months of the year
British Business Lobby Cuts GDP Forecasts
Daily Analysis - 17/05/2016