JEQ - Japan's producer prices up 0.8% in March rise the most in five months
2024-04-10 02:55:48 ET
- Data showed that producer prices in Japan increased by 0.8% year-on-year in March, accelerating from an upwardly revised 0.7% gain in February and posting the highest reading since October last year.
- On a monthly basis, producer prices rose 0.2% in March, unchanged from February but coming in below forecasts of 0.3%.
- On Tuesday, Finance Minister Suzuki and Bank of Japan Governor Ueda warn against limiting measures to deal with excessive yen moves, citing a potential easing of monetary stimulus if inflation continues to rise.
- ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ).
- Japan's Nikkei 225 ( NKY:IND ) fell 0.48% to close at 39,582 on Wednesday, with Japanese shares snapping a two-day advance as producer inflation in the country climbed in March.
- ( USD:JPY ) is trading at 151.783.
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