Domestic wholesale prices are also declining somewhat faster because the effects from high crude oil prices and the depreciation of the yen in the past have dissipated, while prices of electrical machinery and materials continue to decrease. Consumer prices are weakening owing mainly to the decline in prices of imported products and their substitutes. Corporate service prices continue to decrease.
1  This report is based on data and information available at the time of the Bank of Japan Monetary Policy Meeting held on October 11 and 12, 2001. 2  The Bank’s view of recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on October 11 and 12 as the basis for monetary policy decisions.