Economic Buzz: Japan producer prices up 2.7% on year

Producer prices in Japan rose 2.7 percent on year in October, the Bank of Japan said on Thursday. This was unchanged from the September reading. On a monthly basis, producer prices rose 0.4 percent - easing from the upwardly revised 0.5 percent gain in the previous month (originally 0.3 percent). Export prices were up 1.0 percent on month and 1.2 percent on year, the bank said, while import prices rose 0.7 percent on month and fell 2.5 percent on year.

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