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Corporate price index fell for two consecutive months, reflecting the impact of US-China trade friction | NHK News

2019-08-13T02:40:13.523Z

Last month's “Corporate Price Index”, which shows the price movement of goods traded between companies, was below the same month of the previous year for the second consecutive month. US-China trade friction ...



Corporate price index fell for 2 consecutive months, reflecting the impact of trade friction between the US and China 11:35 on August 13

Last month's “Corporate Price Index”, which shows the price movement of goods traded between companies, was below the same month of the previous year for the second consecutive month. Demand has fallen due to the influence of US-China trade friction, and this is reflected in corporate prices.

The BOJ interviews companies nationwide every month to check the price movement of goods traded between companies.

On the 13th, the corporate price index announced last month was an index with the average of 2015 as 100, 101.2, 0.6% lower than the same month of the previous year.

The index has fallen below the same month of the previous year for the second consecutive month, further declining from minus 0.1% in June.

This is mainly due to the deterioration of the international commodity market due to the slowdown of the Chinese economy due to the impact of US-China trade friction. About 20% of "scraps" such as iron scrap, aluminum and copper “Nonferrous metals” fell by about 6%.

The BOJ said, “The US-China trade friction has worsened price prices and has been widely affected. Since the yen has been rising recently, prices are likely to fall mainly on imported items. I want to watch the price trend carefully. "

Source: nhk

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