The Bank of Japan published preliminary January 2026 Corporate Goods Price Index data showing the Producer Price Index (PPI) increased 0.2% from the previous month, while the Export Price Index and Import Price Index on a contract currency basis rose 2.0% and 1.2% respectively. On a year-on-year basis, the PPI was up 2.3%, export prices were up 4.7%, and import prices were down 0.2% on a contract currency basis. The PPI level was 128.4 (calendar year 2020 = 100), with the monthly increase driven mainly by nonferrous metals (0.47 percentage points contribution) and beverages and foods (0.06), partly offset by petroleum and coal products (-0.16) and agriculture, forestry and fishery products (-0.14). Export prices rose 2.7% month-on-month on a yen basis (6.6% year-on-year), with the contract currency increase driven largely by electric and electronic products (1.41) and metals and related products (0.75), while transportation equipment (-0.12) and other primary products and manufactured goods (-0.13) weighed. Import prices increased 1.7% month-on-month on a yen basis (0.5% year-on-year), with metals and related products (0.92) and electric and electronic products (0.79) the largest positive contributors, offset by petroleum, coal and natural gas (-0.58). The next monthly report is scheduled for release on March 11, 2026.
Bank of Japan 2026-02-12
Bank of Japan releases January 2026 Corporate Goods Price Index showing producer prices up 0.2% m/m and export and import prices rising in contract currency terms
The Bank of Japan's preliminary January 2026 data shows a 0.2% monthly increase in the Producer Price Index (PPI), with a year-on-year rise of 2.3%. Export and import prices on a contract currency basis rose 2.0% and 1.2% respectively, with notable contributions from nonferrous metals and electric products, while petroleum and coal products offset gains.