FX.co ★ Japan’s Corporate Services Price Index Dips to 2.6% Amid Cost Moderation

On January 26, 2026, Japan's Corporate Services Price Index (CSPI) reflected a slight dip, reaching 2.6% on a year-over-year basis. This marks a modest decrease from last month's index figure of 2.7%, indicating a slight slowdown in the rate at which service costs for corporations are rising compared to the same month last year.

The CSPI measures the changes in prices for services purchased by businesses, making it an important indicator of inflationary pressures within the Japanese economy. The current dip suggests a marginal easing in cost pressures for firms that could be attributed to a stabilization in supply chains and market conditions.

Economists argue that while a one-tenth of a percent drop may seem minor, it could represent the beginning of a trend toward lower inflation in the service sector. Businesses and policymakers will be closely monitoring subsequent CSPI releases to discern whether this deceleration continues and what it might mean for Japan's economic landscape.