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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Producer Price Index YoY climbed to 6.3% in May 2026
FMPMonthlyReleased June 2026
Japan Producer Price Index YoY climbed to 6.3% in May 2026, released June 2026, up 1.0% from April's 5.3% reading. The print exceeded the 5.5% consensus by 0.8%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 3.75%, vs 2.23% in the prior 3-month window. Producer Price Index YoY is now the highest in 16 months.
Latest Release
6.3
Actual
5.5
Consensus
5.3
Previous
Median Absolute Error
±0.13 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 6.45
Actual: 6.3
Error: +0.15
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 |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.53 | INDEX | Bearish Hang Seng | → View |
| Nikkei 225 | ▼ Inverse | −0.42 | INDEX | Bearish Nikkei 225 | → View |
| S&P 500 | ▼ Inverse | −0.33 | INDEX | Bearish S&P 500 | → View |
| AUD/JPY | ▼ Inverse | −0.29 | FOREX | Bearish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Japan) was reported at 6.3% in June 2026. This beat the market consensus of 5.5% by 0.8%. The reading rose from the previous value of 5.3%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 3.11%, ranging from 2% to 6.3% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.4%, up from the prior three at 2.47%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with Nikkei 225, negatively correlated (Bearish Nikkei 225). Over the last 12 releases, the Sigmacast model's median absolute error is 0.13%.
WHAT TO WATCH NEXT
The next release is scheduled for July 9, 2026. Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Producer Price Index YoY - JP
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About Producer Price Index YoY — Japan
DEFINITION
Japan's Producer Price Index YoY rose to 6.300% in June, beating the 5.500% estimate and up from May's 4.900%. This marks a significant acceleration in producer inflation compared to the previous month. Market focus will remain on the Bank of Japan's response amid rising input costs. 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 6.3 %, consensus 5.5 %. Prior reading (Apr 2026): 4.9 %. Before that (Mar 2026): 2.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 Hang Seng (Bearish Hang Seng, r=-0.53) — a useful reference for index-focused traders.