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Producer prices in Japan were up 0.7 percent on year in January, the Bank of Japan said on Friday.
That was shy of expectations for a gain of 0.8 percent, which would have been unchanged from the previous month.
On a monthly basis, producer prices were down 0.6 percent after adding 0.2 percent in December.
Prices were down for leasing, transportation and financial services, while they were higher for advertising services.