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Japan Producer Prices Drop 0.5 Pct in Aug.

Japan Producer Prices Drop 0.5 Pct in Aug.

   Tokyo, Sept. 11 (Jiji Press)--Producer prices in Japan in August fell 0.5 pct from a year before, down for the sixth straight month, the Bank of Japan said Friday.
   The producer price index stood at 100.4 against the 2015 average of 100, the central bank said in a preliminary report. The index rose 0.2 pct month on month, up for three months in a row.
   "Downward pressure on prices from the impact of the novel coronavirus epidemic is easing somewhat thanks to the reopening of economic activities both at home and aboard," a BOJ official said. But the official warned that the coronavirus crisis is still weighing on producer prices.
   Prices of oil and coal products plunged 14.1 pct from a year before, reflecting a decline in international market prices. Prices of chemical products were down 5.3 pct.
   Prices declined 0.7 pct for steel and 1.2 pct for lumber and wood products, due to sluggish domestic demand.

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AFP-JIJI PRESS NEWS JOURNAL


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