JapanJapan Producer Price Index MoM climbed to 0.7% in October 2026
Japan Producer Price Index MoM climbed to 0.7% in October 2026, released 11 Nov 2026, up 0.9% from September's -0.2% reading. The print exceeded the 0.3% consensus by 0.4%. Year-over-year, the indicator is up 0.3%. The reading is in the 83rd percentile of the trailing 24-month range.
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Forecasts generated by Sigmanomics engine. Not financial advice.
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Backtest median absolute error
reconstructed over the last 12 releases
Latest release (backtest)
Released 11 Nov 2026
Method: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/JPY | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
| GBP/JPY | ▼ Inverse | −0.37 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.33 | CRYPTO | Moves with | → View |
| Nikkei 225 | ▼ Inverse | −0.28 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Japan) was reported at 0.7% in October 2026. This beat the market consensus of 0.3% by 0.4%. The reading rose from the previous value of -0.2%. The 12 releases before this one averaged 0.41%.
WHY IT MATTERS
Releases in the 3 months before this one averaged -0.25%, against 0.47% in the 3 months before that. Volatility over the past year (σ 0.66%) is higher than the prior year (σ 0.24%).
WHAT TO WATCH NEXT
The next release is scheduled for December 9, 2026. Same-country events in the next 14 days include GDP Growth Annualized (Nov 15) and GDP Growth Rate QoQ (Nov 15).
Producer Price Index MoM - JP
About Producer Price Index MoM — Japan
DEFINITION
Japan's Producer Price Index MoM rose 0.700000% in November, beating the 0.300000% estimate and reversing October's -0.300000% decline. November's increase follows a contraction in October, signaling a rebound in producer prices after two months of declines. The data will be closely watched ahead of upcoming inflation reports and Bank of Japan policy meetings. Updated 11/12/26
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 (Oct 2026): actual 0.7 %, consensus 0.3 %. Prior reading (Sep 2026): -0.2 %. Before that (Aug 2026, first reported): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 0.9% (latest print 0.7%). The projection is based on the indicator's own recent trend.
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Economic Calendar - JP Events
| Wednesday, November 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | JP | Machine Tool Orders YoY | 42.5 | 60.4 | 54.5 | 48.50 | Low |
| 23:50 | JP | Producer Price Index MoM | 0.7 | -0.2 | 0.3 | 0.50 | Low |
| 23:50 | JP | Producer Price Index YoY | 7.1 | 6.8 | 6.5 | 6.80 | Low |
| Sunday, November 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 23:50 | JP | GDP External Demand QoQ | 0.5 | -0.4 | -0.40 | Low | |
| 23:50 | JP | GDP Capital Expenditure QoQ | -0.9 | 1.5 | 1.50 | Low | |
| 23:50 | JP | GDP Price Index YoY | 2.6 | 2.1 | 2.10 | Low | |
| 23:50 | JP | GDP Growth Annualized | 1.4 | 0.3 | 0.30 | Medium | |
| 23:50 | JP | GDP Growth Rate QoQ | 0.4 | 0.1 | 0.10 | High | |
| 23:50 | JP | GDP Private Consumption QoQ | 0 | -0.2 | -0.20 | Low | |
| 23:50 | JP | GDP Growth Rate YoY | 1.4 | 0.3 | 0.30 | Medium | |
| 23:50 | JP | Gross Domestic Product QoQ | 0.4 | 0.1 | 0.10 | High | |
Neha GuptaLinkedIn profile
Neha Gupta is a Chartered Financial Analyst with over 18 years of experience in finance and more than 11 years as a financial writer. She’s authored for clients worldwide, including platforms like MarketWatch, TipRanks, InsiderMonkey, and Seeking Alpha. Her work is known for its technical rigor, clear communication, and compliance-awareness—evident in her success enhancing market updates.