Japan’s producer price gains stay elevated, backing BOJ hikes
The reading topped forecasts as weak yen and fuel costs kept input prices elevated, reinforcing expectations for a quarter-point BOJ hike next week.
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7 Articles
Japan’s wholesale inflation stays elevated in August, boosts case for rate hike
By Leika Kihara TOKYO, Sept 11 (Reuters) - Japan's wholesale inflation remained elevated in August, data showed on Friday, highlighting mounting price pressures that cement the case for the central bank to raise interest rates this month. The data fol...
Japan’s PPI Inflation Cools, but BoJ Still Has a 7.6% Problem - ActionForex
Japan’s Producer Price Index eased from a revised 7.7% to 7.6% y/y in August, but remained above the 7.4% consensus, keeping wholesale inflation at an elevated level. On a monthly basis, PPI swung from a revised 0.4% increase to a 0.2% decline, weaker than expectations for no change. The monthly fall was led by electric […]
The Bank of Japan announced on the 11th that the domestic corporate goods price index for August (2020 average = 100, preliminary figure) rose 7.6% year-on-year to 136.1. This marks the third consecutive month of increases in the 7% range, indicating continued high levels of growth. The rise was influenced by factors such as the prolonged deterioration of the situation in the Middle East and the resulting increase in crude oil prices.
The Bank of Japan announced on the 11th that the domestic corporate goods price index for August (2020 average = 100, preliminary figure) rose 7.6% year-on-year to 136.1. This marks the third consecutive month of increases above 7%, indicating continued high levels of growth. The rise was influenced by factors such as the prolonged deterioration of the situation in the Middle East and the resulting increase in crude oil prices. The corporate go…
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