Monthly Report on the Corporate Goods Price Index ( Preliminary Figures for January 2017 )

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1 Research and Statistics Department Bank of Japan Report on the Corporate Goods Price Index The Producer Price Index rose 0.6 percent from the previous. The Export Price Index (contract currency ) rose 0.6 percent from the previous. The Import Price Index (contract currency ) rose 2.4 percent from the previous. FOR RELEASE 8:50 A.M. Friday, February 10, / Jan / Jan. Preliminary Figures Index Producer Price Index excluding extra charges for summer electricity Feb Mar Apr May June July Aug Sep Oct Nov Dec Note: A negative in the "Foreign ex rate" indicates an appreciation of the yen. Export Price Index Import Price Index Foreign ex rate Contract currency Contract currency $/yen (CY2015 = 100) Producer Price Index Reference: Producer Price Index using Chain-weighted Index Formula (CY2015 = 100) Export Price Index (yen ) Export Price Index (contract currency ) (CY2015 = 100) 150 Import Price Index (yen ) Import Price Index (contract currency ) CY CY CY

2 (Commodities contributing to the ly s in January 2017) Producer Price Index 0.6 % Groups Contribution to Petroleum & coal products 0.35 % Fuel oil C, Naphtha, Gasoline Commodities Chemicals & related products 0.17 % Butane & butylene, Ethylene, Propylene Iron & steel 0.07 % Shearing & slitting products (steel sheets), Heavy steel plates, Hot-dip zinc-coated steel sheets Nonferrous metals 0.05 % Unwrought primary & secondary aluminum alloys, Rolled and drawn brass products, Rolled and drawn copper products Electric power, gas & water 0.03 % Gas for non-liberalized sectors, Industrial extra high tension power, Commercial high tension power Scrap & waste 0.02 % Iron & steel scrap, Aluminum & aluminum alloy scrap Agriculture, forestry & fishery products % Chicken eggs, Beef, Pork Export Price Index (contract currency ) 0.6 % Groups Metals & related products 0.28 % Commodities Hot rolled steel strips, Semi-finished common steel products, Unwrought gold Chemicals & related products 0.25 % Synthetic rubber, Para-xylene, Caprolactam Other primary products & manufactured goods Contribution to 0.14 % Gas oil, Jet fuel oil & kerosene, Fuel oil C Transportation equipment % Electric & electronic products % Standard passenger cars (gasoline cars), Outboard motors, Chassis & body parts MOS integrated circuits (except MOS memory integrated circuits), Crystal oscillators, Switches for electronic equipment Import Price Index (contract currency ) 2.4 % Groups Commodities Petroleum, coal & natural gas 2.19 % Crude petroleum, Liquefied natural gas, Naphtha Metals & related products 0.28 % Copper ores, Ferro-chromium, Hot rolled steel strips Chemicals & related products 0.19 % Bio-ETBE, Saturated polyester resins, Methanol Beverages & foods and agriculture products for food Contribution to 0.05 % Cheese, Coffee beans, Tobacco products Electric & electronic products % MOS logic integrated circuits, Wiring harnesses, Solar batteries Other primary products & manufactured goods % Crude salt, Coated printing paper, Ceramic tableware Textiles % Hosiery, Women's or girls' skirts, etc., Sweaters 2

3 Producer Price Index Index 1, excluding extra charges for summer electricity 1, Beverages & foods Textile products Lumber & wood products Pulp, paper & related products Chemicals & related products Petroleum & coal products Plastic products Ceramic, stone & clay products Iron & steel Nonferrous metals Metal products General purpose machinery Production machinery Business oriented machinery Electronic components & devices Electrical machinery & equipment Information & communications equipment Transportation equipment Other manufacturing industry products Agriculture, forestry & fishery products Minerals Electric power, gas & water Scrap & waste Note: The index of " excluding extra charges for summer electricity" adjusts extra charges applied during summer season from July to September. 3

4 Export Price Index Index Contract currency Contract currency 1, Textiles Chemicals & related products Metals & related products General purpose, production & business oriented machinery Electric & electronic products Transportation equipment Other primary products & manufactured goods Import Price Index Index Contract currency Contract currency 1, Beverages & foods and agriculture products for food Textiles Metals & related products Lumber & wood products and forest products Petroleum, coal & natural gas Chemicals & related products General purpose, production & business oriented machinery Electric & electronic products Transportation equipment Other primary products & manufactured goods

5 Index by Stage of Demand and Use Index Domestic demand products 1, Domestic goods Imports Raw materials Domestic goods Imports Intermediate materials Domestic goods Imports Final goods Domestic goods Imports Capital goods Domestic goods Imports Consumer goods Domestic goods Imports Durable consumer goods Domestic goods Imports Nondurable consumer goods Domestic goods Imports Note: These indexes are compiled by reclassifying the "Producer Price Index excluding the consumption tax," "Export Price Index" and "Import Price Index" in terms of commodities' stage of demand or use of goods. (Index by Stage of Demand and Use) (CY2015 = 100) Domestic demand products Raw materials Intermediate materials Final goods 70 CY

6 Producer Price Index using Chain-weighted Index Formula Index 1, excluding extra charges for summer electricity 1, Beverages & foods Textile products Lumber & wood products Pulp, paper & related products Chemicals & related products Petroleum & coal products Plastic products Ceramic, stone & clay products Iron & steel Nonferrous metals Metal products General purpose machinery Production machinery Business oriented machinery Electronic components & devices Electrical machinery & equipment Information & communications equipment Transportation equipment Other manufacturing industry products Agriculture, forestry & fishery products Minerals Electric power, gas & water Scrap & waste Notes: 1. The index of " excluding extra charges for summer electricity" adjusts extra charges applied during summer season from July to September. 2. The indexes are based on the year 2015 weights. 6

7 Corporate Goods Price Index Time Series Data Producer Price Index Export Price Index s (Reference) excluding extra charges for summer electricity s (yen ) CY FY / Q Q Q Q / Dec / Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec / Jan s (contract currency ) s Import Price Index (yen ) (contract currency ) Foreign ex rate $/yen s s () CY FY / Q Q Q Q / Dec / Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec / Jan Note: A negative in the "Foreign ex rate" indicates an appreciation of the yen. 7

8 Index by Stage of Demand and Use Time Series Data Domestic demand products Raw materials Intermediate materials CY FY / Q Q Q Q / Dec / Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec / Jan Domestic demand products (Cont'd) Final goods Capital goods Consumer goods CY FY / Q Q Q Q / Dec / Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec / Jan The next ly report will be released on Monday, March 13,