Japan data - PPI (August) -0.6% m/m (vs. -0.4% expected)

Japan August PPI

-0.6% m/m

• expected -0.4%, prior -0.2%

-3.6% y/y

• expected -3.3%, prior -3.0%

For the y/y, that's the fastest rate of falling for about 4 and half years

Deflation at the producer level ... very persistent. And not just a Japan story.