Japan PPI for May -0.4% m/m (expected -0.3%)

Japan data, PPI for May

• -0.4% m/m vs expected -0.3%, prior -1.6%

• -2.7% y/y vs expected -2.4%, prior -2.4% (ps. at -2.7% this is the quickest drop since October of 2016)

This is not CPI. But, as part of the release is the 'domestic final goods' price indicator which is -2.8% y/y. This loosely tracks the CPI.

Someone will not be happy: