Bank of Japan inflation gauge surges. Services PPI 3.1% (vs. 3% expected, 2.7% prior)

The Corporate Service Price Index (CSPI) released by the Bank of Japan measures the prices of services traded among companies.

It presents price developments that reflect most sensitively the supply and demand conditions in the services market.

It is also considered as an indicator for inflationary pressures.

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At the margin, yen bullish.

This article was written by Eamonn Sheridan at investinglive.com.