Japan: Corporate Service Price Index slightly higher but still negative in April

By FXstreet.com,  May 25, 2010, 07:54:00 PM EDT

FXstreet.com (Córdoba) - The CSPI fell 1.1 per cent on yearly basis to April 2010. This fall represents an improvement from the deeper decrease of 1.2% seen in March.

The Corporate Service Price Index ( CSPI ) released by the Bank of Japan measures the prices of services traded among companies. It presents price developments that reflect most sensitively the supply and demand conditions in the services market. It is also considered as an indicator for inflationary pressures. Normally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: CSPI



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