Japan Jan wholesale prices fall 2.1 pct yr/yr

(For more stories on the Japanese economy click [ID:nECONJP])

TOKYO, Feb 10 (BestGrowthStock) – Japanese wholesale prices fell 2.1
percent in the year to January, in line with a median estimate
from analysts, in a sign that persistent deflation remains a drag
on the economy’s fragile recovery. [JPCGPY=ECI]

But the pace of annual decline in the corporate goods price
index (CGPI) slowed for the fifth straight month after peaking at
8.5 percent in July and August, Bank of Japan data showed on
Wednesday, reflecting the waning impact of oil price drops.

Overall final goods prices — the prices of finished products
charged to businesses — fell 0.6 percent in January from a year
earlier.

Domestic final goods prices, which loosely track the consumer
price index, dropped 0.7 percent after a 1.1 percent fall in
December.

Details were as follows (preliminary, with percentage change;
economists’ median forecast in parentheses; previous figures may
be revised):

JAN DEC NOV JAN INDEX
Year-on-year -2.1 (-2.3) -3.9 -5.0 102.4
Mth-on-mth +0.3 (+0.1) 0.0 0.0 —

To view the full tables, go to
http://www.boj.or.jp/en/type/stat/boj_stat/cgpi/cgpi1001.pdf

Investing Advice

(Reporting by Rie Ishiguro)

Japan Jan wholesale prices fall 2.1 pct yr/yr