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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Producer Price Index MoM fell to 0.9% in May 2026
FMPMonthlyReleased June 2026
Japan Producer Price Index MoM fell to 0.9% in May 2026, released June 2026, down 1.9% from April's 2.8% reading. The print exceeded the 0.5% consensus by 0.4%. The print is running well above the 12-month average of 0.32%. Over the past 3 months, Producer Price Index MoM averaged 1.55%, vs 0.07% in the prior 3-month window. The reading is in the 91st percentile of the trailing 24-month range.
Latest Release
0.9
Actual
0.5
Consensus
2.8
Previous
Median Absolute Error
±0.15 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 1.3
Actual: 0.9
Error: +0.4
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 |
|---|---|---|---|---|---|
| Nikkei 225 | ▼ Inverse | −0.40 | INDEX | Bearish Nikkei 225 | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Bullish S&P 500 | → View |
| GBP/JPY | ▼ Inverse | −0.28 | FOREX | Bearish GBP | → View |
| BTC/USD | ▲ Direct | +0.26 | CRYPTO | Bullish BTC | → 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 0.9% in June 2026. This beat the market consensus of 0.5% by 0.4%. The reading fell from the previous value of 2.8%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.38%, ranging from -0.2% to 2.3% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.03%, up from the prior three at 0.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.15%.
WHAT TO WATCH NEXT
The next release is scheduled for July 9, 2026. Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Producer Price Index MoM - JP
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About Producer Price Index MoM — Japan
DEFINITION
Japan's Producer Price Index MoM rose 0.90% in June, beating the 0.50% estimate and down from May's 2.30%. June's increase signals a slowdown in producer price inflation after a sharp rise the previous month. Market focus now shifts to upcoming inflation data and Bank of Japan policy signals. Updated 6/10/26
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 (May 2026): actual 0.9 %, consensus 0.5 %. Prior reading (Apr 2026): 2.3 %. Before that (Mar 2026): 0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.40) — a useful reference for index-focused traders.