May 28, 2007 / 12:56 AM / 13 years ago

UPDATE 1-Japan April corporate services prices jump 1.1%

 (Adds details)
 TOKYO, May 28 (Reuters) - Japan's corporate services price
rose 1.1 percent in April from a year earlier, the biggest
increase in nearly a decade, a sign that a steady economic
recovery is helping pull the nation out of deflation.
 The rise in the index, which tracks prices of
business-to-business services, was the sharpest since a 1.2
percent increase in March 1998, the year Japan raised its
consumption tax to 5 percent from 3 percent.
 The increase was due largely to higher freight transportation
costs and rising prices of services like machinery repair, as
some companies passed on higher personnel and fuel costs to
corporate clients at the start of a new fiscal year in April, a
Bank of Japan official told a news briefing.
 Excluding such special factors as the consumption tax hike,
it was the fastest pace of increase since January 1993, when the
index rose 1.2 percent.
 Compared with the previous month, the index rose 0.1 percent
in April, the data showed.
 Following is a breakdown (in percent, some previous figures
revised):
  OVERALL CSPI          APRIL      MAR        FEB        JAN
  Year-on-year           +1.1     +0.6       +0.4       +0.5
  Month-on-month         +0.1     +0.7       +0.2       -0.3
 --------------------------------------------------------------
  BREAKDOWN FOR APRIL      Yr/yr        Mth/mth       INDEX
  Overall                   +1.1         +0.1         94.2
  Finance and insurance     -0.8         -0.1         97.4
  Real estate               +1.0         +0.1         90.8
  Transport                 +4.2         +1.0        108.5
  Communications             0.0         -0.1         85.9
  Advertising               -0.6         -2.8         98.9
  Information services      +0.4         -0.4         93.6
  Leasing and rental        -2.2         -1.0         66.4
  Miscellaneous services    +0.8         +0.7         95.5
 _______________________________________________________________
  To view the full tables, go to the Web site of the Bank of
Japan at www.boj.or.jp/en/index.htm



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