Forex News: Japan CGPI rises by 0.6% MoM and 3.7% YoY

Greg Michalowski — Tue, 13 May 2008 19:55:16 -0400

The Japan PPI came out higher than expected at 0.6% MoM and 3.7% YoY. The Index was pushed up by higher commodity prices. The high inflation threatens to slow growth in Japan and decrease profits for corporations. This should be slightly bearish for the JPY.