Corporate service prices off 0.4%

JIJI

Corporate service prices fell 0.4 percent from a year before in November, down for the sixth straight month, the Bank of Japan said Tuesday.

The corporate service price index stood at 95.7, against 100 for the base year of 2005. In October, the index was down 0.7 percent.

The BOJ said that although the pace of decline is unlikely to accelerate, corporate service prices are expected to remain weak in the months to come due to a global economic slump.