Japanese Services PPI (Jan) 2.6% vs Exp. 2.6% (Prev. 2.6%)
The January Japanese Services PPI met expectations at 2.6%, indicating stable price pressures in the services sector.
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Japanese Takaichi’s government is likely to submit to parliament its picks to replace outgoing BoJ board members Noguchi and Nakagawa around noon on Wednesday, while her picks could signal her intention to delay rate hikes, according to Bloomberg
Japanese Services PPI (Jan) 2.6% vs Exp. 2.6% (Prev. 2.6%)
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PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Japanese PM Takaichi reportedly relayed to BoJ Governor Ueda her reservations about further rate hikes
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Given that it aligns with previous readings, this data reinforces the notion of sustained inflationary trends in Japan, which may influence the Bank of Japan's policy stance moving forward.
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