According to rttnews, producer prices in Japan were up 0.4 percent on year in July, the Bank of Japan said on Thursday.

That beat expectations for an increase of 0.1 percent following the 0.2 percent gain in June.

On a monthly basis, process also jumped 0.4 percent following the flat reading in the previous month.

Among the individual components, prices increased for advertising, communications and leasing - while they were down for transportation and postal activities.