Producer prices in Japan spiked a seasonally adjusted 1.2 percent on month in April, according to the Bank of Japan. On a yearly basis, producer prices surged 10.0 percent – again topping forecasts for 9.4 percent and up from the upwardly revised 9.7 percent increase in the previous month (originally 9.5 percent). Export prices were up 1.6 percent on month and 7.9 percent on year in April, the bank said, while import prices surged 5.6 percent on month and 29.7 percent on year.Powered by Commodity Insights
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