PPI is inflation at the wholesale level (business to business sales and the like), not consumer price inflation
+1.2 % y/y
- expected 1.1% y/y, prior 1.3%
+0.3 % m/m
- expected 0.2% m/m,
The data release also includes ‘domestic final goods prices’, which is a guide to consumer inflation, up 0.4 y/y
Its a good idea before Japanese data releases to clean my glasses, that way I can see if the yen moves. It has! About 2 tics or so.