RTTNews - Japan's corporate services price index or CSPI dropped 3% year-on-year in May, after falling 2.4% in April, the Bank of Japan said Wednesday. Economists expected a decline of 2.7%. The index has been falling continuously since October last year.

Month-on-month, the corporate services price fell 0.3% in May, following a 0.2% drop in April, and representing the second month of decline.

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