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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Domestic Corporate Goods Price Index held to 0.4% in March 2013
FMPMonthlyReleased March 2013
Japan Domestic Corporate Goods Price Index held to 0.4% in March 2013. The print exceeded the 0.3% consensus by 0.1%.
Latest Release
0.4
Actual
0.3
Consensus
0.4
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
Domestic Corporate Goods Price Index (Japan) was reported at -0.1% in March 2013. This matched the market consensus of -0.1% exactly.
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 CFTC JPY speculative net positions (Jun 19) and CFTC JPY speculative net positions (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Domestic Corporate Goods Price Index - JP
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About Domestic Corporate Goods Price Index — Japan
DEFINITION
The Domestic Corporate Goods Price Index (DCGPI) is a key economic indicator that measures the average change in prices of goods produced by domestic corporations. It provides valuable insights into the overall inflationary trends in the country and is used by policymakers, businesses, and investors to make informed decisions. The DCGPI is an important tool for monitoring the health of the domestic corporate sector and can help identify potential risks and opportunities in the economy.
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 (Mar 2013): actual 0.4 %, consensus 0.3 %. Prior reading (Mar 2013): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.