Japan’s Corporate Services Inflation Hits 2-Year High
- Japan’s Services Producer Price Index rose 3.7% year-on-year in August, up from 3.6% in July.
- The increase was the fastest annual pace since June 2024, with freight, advertising, and rental lease fees contributing to the rise.
- The Bank of Japan raised its policy interest rate to 1.25% in September.
12 Articles
12 Articles
Japan Service Inflation Hits over Two-year High, Bolsters Case for Further BOJ Rate Hikes
Get latest articles and stories on Business at LatestLY. Japan’s service-sector inflation rose to a more than two-year high in August, strengthening expectations that the Bank of Japan (BOJ) could continue raising interest rates. Business News | Japan Service Inflation Hits over Two-year High, Bolsters Case for Further BOJ Rate Hikes.
Japanese bond yields climb towards multi-decade highs on inflation, BOJ tightening bets
Japanese government bond yields climbed on Monday as rising services inflation and Bank of Japan rate-hike expectations weighed on debt prices. The benchmark 10-year yield approached multi-decade highs near 3.095%, while investors monitored upcoming Ministry of Finance bond auction plans and central bank policy minutes.
Japan's short-term bond returns rose during today's Monday dealings, registering the highest level since 1995, approaching 2%, as investors' bets on Japan's bank continuing to raise interest rates increased. Bond returns for two years earlier, the highest level since 1995, showed the minutes of the July meeting of the Bank of Japan, which published [...] short-term Japanese bond returns at the highest level since 1995 written in the Stock Exchan…
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