Business & Finance
Japan’s Producer Price Gains Stay High as BOJ Mulls Rate Path
Key Points
Japan’s Producer Price Gains Stay High as BOJ Mulls Rate Path Prices for Japan’s corporate goods continued to rise at an elevated pace in July, keeping high cost pressure on companies, as central bank officials continue to consider whether to proceed with additional interest rate hikes to contain inflation. The measure of input prices for Japanese firms rose 7.2% in July from a year earlier, slightly slower than the revised 7.3% in June that was the highest since March 2023, the Bank of...
Japan’s Producer Price Gains Stay High as BOJ Mulls Rate Path
Prices for Japan’s corporate goods continued to rise at an elevated pace in July, keeping high cost pressure on companies, as central bank officials continue to consider whether to proceed with additional interest rate hikes to contain inflation.
The measure of input prices for Japanese firms rose 7.2% in July from a year earlier, slightly slower than the revised 7.3% in June that was the highest since March 2023, the Bank of Japan reported Thursday. On a monthly basis, prices climbed 0.1% after an upward revision to 0.5% in the previous month’s result.