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Japan's wholesale prices drop for 11th straight month in Feb.

Xinhua, March 10, 2016 Adjust font size:

Japan's wholesale prices dropped 3.4 percent in February on year, marking the 11th successive month of decline, the Bank of Japan (BOJ) said on Thursday.

According to the central bank's preliminary report, the index of corporate goods prices stood at 99.8 against the 2010 base of 100.

The producer price index lost 0.2 percent from a month earlier, the bank said, while the export price index lost 0.2 percent on a contract currency basis. The import price index, meanwhile, lost 2.9 percent in the recording period from the previous month.

The BOJ also noted that in yen terms export prices had slumped 7.9 percent in February, while import prices tumbled 17.8 percent in the recording period. Endit