The corporate price index has fallen sharply since the Lehman shock New Corona May 15 10:59
Looking at the fluctuation of prices of goods traded among companies, the corporate price index of last month fell by 1.5% from the previous month, marking the first major decline in 11 years since 2009 after the Lehman shock. The main reason for this was the decline in crude oil and metal prices, which had fallen in demand due to the new coronavirus.
Every month, the BOJ examines the prices of goods traded between companies and publishes them as the corporate price index.
Last month's index was 99.6, with the 2015 average being 100, down 1.5% from March.
This rate of decline is the first major decline in 11 years and 3 months since it fell 1.5% in January 2009 after the Lehman shock.
The main reason for this was the sluggish movement of people and goods worldwide due to the impact of the new coronavirus, and a drop in demand for crude oil and metals. In particular, the price of crude oil plunged last month, with the WTI futures price, which has become an international index, temporarily falling, and prices of metals such as aluminum and copper also fell.
The Bank of Japan said, “It was once again shown that the new coronavirus also affects prices. I would like to carefully watch how the price decline will affect businesses and households.”