Economic Buzz: Japan's producer prices rise 0.7% in October

Japan's producer price index (PPI) rose by 0.7% in October compared to the previous month, according to a preliminary report released on Thursday by the Bank of Japan (BoJ).

On a yearly basis, the PPI advanced 7.1% compared to the previous month's 6.8% rise.

The report also highlighted a 12.2% increase in Japan's export price index on a contractual currency basis over the year, with a 0.6% monthly rise. Import prices climbed 19.2% from a year earlier and 2.3% compared with September.

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