Japan data: March PPI +0.2% m/m (expected +0.3%)
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Japan's Producer Price Index (PPI), also known as the Corporate Goods Price Index (CGPI), increased by 0.2% month-on-month in March, lower than the expected 0.3%. The PPI reflects cost pressures faced by producers and can be used as a guide to inflationary pressures in the economy. The PPI is calculated by the Bank of Japan and measures the average change over time in the selling prices received by domestic producers for their output. It focuses on the change in the prices of goods sold by companies and does not account for quality improvements or the impact of imported goods. The yen barely moved on the data release, and traders are now awaiting the US Consumer Price Index (CPI) data.

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https://www.forexlive.com/news/japan-data-march-ppi-02-mm-expected-03-20240409/