The Export Price Index tracks changes in the prices that Japanese firms receive for the products they export. Increases in the EPI are normally due to either stronger demand abroad or higher production costs in Japan . Generally only increases in the EPI due to robust international demand are beneficial to the Japanese economy as a whole.
The effect of an increase in the EPI on the exchange rate is ambiguous. A rise can bolster the value of the Yen because it means that foreigners require more Yen to purchase Japanese goods. However, a rise in the index can also hurt the Yen if the higher prices make Japanese goods less competitive and reduce the total value of exports.
The headline is the percentage change in the index from the previous month or year.
Relevance : Rarely affects markets
Release schedule : 23:50 (GMT); monthly, on the second Monday of the following month
Revisions schedule : Little revision
Source of report : Bank of Japan , Research and Statistics Department
Web Address : http://www.stat.go.jp/english/index/official/213.htm
Address of release : http://www.boj.or.jp/en/type/stat/dlong/price/cgpi/index.htm
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