Japan's producer price index (PPI) landed in line with expectations, rising by 4% in February compared to the same time period last year, as seen in a report released by the Bank of Japan (BoJ) on Wednesday.
Meanwhile, on a monthly basis, the PPI did not increase. The report also showed a 1.2% growth in Japan's export price index on a contractual currency basis over the year, with a 0.5% rise observed on a monthly basis. Import prices recorded a year-on-year decrease of 1.6% while increasing by 0.5% month-on-month.
