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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Corporate Service Price YoY fell to -0.2% in April 2013
FMPMonthlyReleased April 2013
Japan Corporate Service Price YoY fell to -0.2% in April 2013, down 0.3% from March's 0.1% reading. The print exceeded the -0.4% consensus by 0.2%. The print is running well below the 12-month average of 0.1%.
Latest Release
-0.2
Actual
-0.4
Consensus
0.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Corporate Service Price YoY (Japan) was reported at -0.2% in April 2013. This beat the market consensus of -0.4% by 0.2%. The reading fell from the previous value of 0.1%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Corporate Service Price YoY - JP
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About Corporate Service Price YoY — Japan
DEFINITION
Corporate Service Price YoY is a financial indicator that measures the year-over-year change in the prices of services provided by corporations. It is a key metric for assessing the overall health of the corporate sector and can provide valuable insights into inflationary trends and the competitiveness of businesses. This indicator is commonly used by investors, analysts, and policymakers to make informed decisions about the economy and financial markets. A positive YoY change in corporate service prices may indicate a growing economy, while a negative change may suggest a slowdown.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual -0.2 %, consensus -0.4 %. Prior reading (Mar 2013): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.