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An index measuring corporate service prices in Japan was down 3.4 percent on year in July, the Bank of Japan said in a preliminary report on Wednesday, posting an index score of 92.6 for the largest percentage decline on record.
The decline was in line with analyst expectations and it followed a 3.2 percent annual contraction in June.
On a monthly basis, prices were down 0.2 percent after adding 0.4 percent in the previous month.
The transportation and leasing sectors led the decline in prices, while information services saw modest gains.
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