Japan: no price recovery

No sign of recovery for the prices to Japanese production, confirming the deflationary trend triggered mainly by the collapse of energy products and petroleum.

In April, the data showed a drop of 0.3% on a monthly basis after -0.1% in March. This was communicated by the Bank of Japan. Year over year, prices showed a fall of 4.2%, after falling 3.8% the previous month.
Analysts had expected an increase of 0.2% on the month and a 3.7% on-year.

The export prices rose by 0.7% on a monthly basis, while over-year showed a decrease of 4.2%. The import prices rose by 0.8% on the month, showing a decrease of 13.7% trend.