Description
The Japan Imports Price Index within Corporate Goods Price Index (CGPI) is released by the Bank of Japan (BOJ) and is used to measure the changes in the prices of goods imported into Japan. This index is a crucial indicator for assessing import costs, international trade conditions, and inflationary pressures.
An increase in the Imports Price Index typically indicates a rise in the prices of goods imported into Japan, which may be driven by factors such as global commodity price increases, yen depreciation, or supply chain disruptions. Conversely, a decrease in this index may suggest a decline in import prices, possibly due to yen appreciation, global commodity price decreases, or weakening international demand.
This data is released monthly, providing insights into changes in the prices of imported goods in Japan for the previous month.