Japan’s services prices recover; COVID-19 measures dim outlook

26.04.2021 - Kulakov Vladimir
Japan’s services prices recover; COVID-19 measures dim outlook

Japan saw an increase in services prices in March as advertising and transportation fees advanced, data showed on Monday. The jump suggests that the country’s economy is faring better now than last year when the pandemic wrought disruptions.

The services producer price index gauges how much charge companies ask each other for services and recorded a 0.7% jump in March from a year earlier. The figure from the Bank of Japan came to be the first-ever hike the index had recorded in six months.

While the base effect of last year’s contraction partly supported prices, television and internet advertisement fees were also upon demand from cellphone carriers and other related services. Despite this, services prices stood weakly as the coronavirus pandemic heavily weighed on consumption.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?