Bank of Japan inflation gauge surges. Services PPI 3.1% (vs. 3% expected, 2.7% prior)
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The Bank of Japan's Corporate Service Price Index (CSPI) has surged to 3.1%, exceeding expectations of 3% and up from 2.7% previously. This index measures service prices among companies and indicates inflationary pressures, reflecting supply and demand conditions in the services market. The increase is seen as bullish for the yen.
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