Economy
Add as a preferred source on GoogleThe index covers services sold between businesses and those supplied to Japan’s central and local governments. The BOJ’s next policy meeting is scheduled for Oct. 29-30.
Japan’s Services Producer Price Index (SPPI) tracks prices for services sold between businesses and services provided to the country’s central and local governments. The Bank of Japan uses the measure to assess supply, demand and price conditions in those markets, and it also serves as a deflator and a reference for businesses setting prices.
The Bank of Japan’s next policy meeting is scheduled for Oct. 29-30.
All 16 respondents in a CNBC survey expected a hold, while official data showed September inflation at 2.1% and August real wages up 1.5%.
A market snapshot published at 9:31 a.m. ET listed the dollar at 157.441 yen, up 0.3% for the day.
FXStreet put the pair around ¥210.18, up 0.19%, in an article published at 8:22 a.m. ET (12:22 UTC). The UK Budget is due Oct. 28, followed by a Bank of Japan decision Oct. 30.
