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Japan - March services PPI
The services PPI doesn't look as perky as some other inflation leads, but does indicate underlying inflation at least remaining around the current 1% for the next 2-3 months.
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The platform for tracking and understanding East Asia macro
The services PPI doesn't look as perky as some other inflation leads, but does indicate underlying inflation at least remaining around the current 1% for the next 2-3 months.
Headline CPI in March rose 1.2% YoY. That leaves inflation below previous peaks in 2008, 2013 and 2017, but the headline CPI data suffer from a lot of distortions, and more accurate measures indicate inflation is already near highs not seen in the last thirty years.
Even allowing for month-to-month volatility, Japanese machine orders in February were soft.