Japan Domestic CGPI -6.6% On Year

By IBTimes Staff Reporter | July 09 2009 8:02 PM

RTTNews - An index measuring the prices of domestic corporate goods fell 6.6 percent on year in June, the Bank of Japan said on Friday, marking the fastest pace of decline on record.

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Analysts had been expecting a fall of 6.4 percent on year following the revised 5.5 percent decline in May. Originally, the decline had been reported at 5.4 percent.

On a monthly basis, the prices for corporate goods eased 0.3 percent versus expectations for a 0.1 percent decline. The May reading was revised from -0.4 percent to -0.5 percent.

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