The Import Price Index tracks changes in the prices of imported goods. The headline figure is the percentage change in the index from either the previous month or year. An increase in the index means consumers face higher retail prices and Japanese manufacturers must absorb higher input costs. Yet a rise in the import price index can also be bullish for the Yen because inflationary pressures exerted by rising import prices may prompt the Bank of Japan to raise interest rates. Generally an insignificant release alone.

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
Web Address : http://www.boj.or.jp/en/
Address of release : http://www.boj.or.jp/en/theme/research/stat/pi/cgpi/index.htm
AKA : The Index of Import Prices