Japan: The Corporate Service Price Index grows to -1.1

By FXstreet.com,  April 25, 2010, 08:24:00 PM EDT

FXstreet.com (Córdoba) - The Corporate Service Price Index ( CSPI ) grew to -1.1 in March 2010 compared to -1.2 reached in March 2009. MoM compared to February 2010 the index grew 0.5% reaching its higher level since July 2009.

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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