Japan Producer Price Inflation Slows to 0.8% in October, Weakest Pace in Over 2 Years
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Japan's producer price inflation slowed to 0.8% in October, the weakest pace in over 2 years.
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Input price gains were below the BOJ's 2% target, suggesting inflation is cooling.
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Declines in lumber and utility costs contributed to the slowdown compared to last year.
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The yen's slide beyond 150 per dollar could renew import cost increases.
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The data supports the BOJ view that inflation is moderating and needs monitoring.