Japan's Corporate Goods Prices Hit Record High as Import Costs Surge Japan’s wholesale inflation accelerated in June, driven by a weakening yen that increased import costs, rising global commodity prices, and the phasing out of fuel subsidies. The corporate goods price index rose 2.9% year-on-year, reaching a record high for the seventh consecutive month. This data, along with a 9.5% increase in the yen-based import price index, suggests growing inflationary pressures that could influence the Bank of Japan’s decision on interest rates at its upcoming policy meeting. Economists anticipate that these trends, particularly the yen’s decline, may lead to further inflation acceleration towards autumn, potentially prompting the BOJ to consider rate hikes as it continues to normalize its monetary policy following the end of negative interest rates in March. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What is the Best Gold and Silver to Buy? READ MORE BofA Predicts Market Gains with Focus on Bonds, Gold, and Undervalued Stocks READ MORE De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar READ MORE Poll: Two-Thirds of Middle-Class Americans Struggle Financially READ MORE Powell Signals Fed's Readiness for Rate Cuts at Jackson Hole READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment