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Japan Producer Prices Down 0.8 Pct in Sept.

Japan Producer Prices Down 0.8 Pct in Sept.

   Tokyo, Oct. 12 (Jiji Press)--Producer prices in Japan in September fell 0.8 pct from a year before, down for the seventh straight month, the Bank of Japan said Monday.
   The producer price index stood at 100.1 against the 2015 average of 100, the central bank said in a preliminary report. The index dropped 0.2 pct month on month, down for the first time in four months.
   Explaining the reasons for the results, a BOJ official said, "The uptrend in international market prices in the past few months has come to a lull, and weakness in domestic demand was seen."
   "Due to the effects of the novel coronavirus epidemic, the pace of economic recovery has remained slow," the official added.
   Prices plunged 15.5 pct from a year before for oil and coal products and 7.2 pct for chemical products, reflecting falls in prices on international markets, the BOJ said.

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AFP-JIJI PRESS NEWS JOURNAL


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