Japan September Services Producer Price Index +3% y/y (expected +2.7%, prior +2.7%)

Japan PPI Services, September 2025:

+3% y/y

• expected +2.7%, prior +2.7%

This is a monthly report from the Bank of Japan, wholesale ser cies inflation showing an acceleartion.

Earlier:

• Preview - BOJ expected to hold rates as Takaichi’s fiscal tilt and U.S. risks weigh

Risk appetite is firm as the new week opens, earlier:

• AUD and NZD jump higher on news of US-China trade agreement
• Globex is open! US equity indexes jump higher on US/China trade deal positivity

EUR is not joining in, thanks France!

• France delays wealth tax vote as Socialist ultimatum threatens government collapse