This is a summary of economic indicators and remarks by senior officials reported during Tokyo trading hours. Japan's domestic corporate goods price index for September was provisionally reported at -0.3%, with the year-on-year rate at 6.8%. Remarks by the BOJ governor and Prime Minister Takaichi on fiscal policy were also reported.
Japan's domestic corporate goods price index fell 0.3% month on month in September, while the year-on-year rate was 6.8%. The previous reading was 7.6%, so the latest year-on-year figure was revised slightly lower.
BOJ Governor Ueda said that long-term interest rates are formed by the market and stressed the importance of stabilizing the underlying inflation rate at around 2%.
Prime Minister Takaichi said the government should move quickly to implement responsible proactive fiscal policy and indicated that a weaker yen has both advantages and disadvantages.
Among other remarks by senior officials, the Japanese and US authorities indicated a policy of working to maintain order in the foreign-exchange market.