Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans Japan’s wholesale inflation surged in May at the fastest annual rate in nine months, driven by a weak yen that increased import costs. This rise complicates the Bank of Japan’s decision on raising interest rates, as higher prices from cost pressures could reduce consumption and hinder demand-driven inflation. Analysts note that with energy prices expected to rise and government utility subsidies ending in June, the BOJ may need to wait for wage growth to boost consumption before considering rate hikes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Navigating Uncertainty: The Case for Gold and Bitcoin READ MORE The 21st Century Gold Rush: A Barometer of Global Unease READ MORE Global Bond Markets Surge Amidst Softening US Job Openings READ MORE Oil Prices Set for Stability in 2024, Say Industry Experts READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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