Surge in Japan wholesale services inflation driven by a tight job market, inbound tourism ...Middle East

Earlier today we had the data for 'wholesale' services price inflation in Japan for coto:Japan data: PPI Services for October +2.3% y/y (expected +2.1%)Reuters have posted recap points on the data:business-to-business service inflation accelerated in Octobera tight job market lifted labour costsunderscoring a broadening of price pressuressurge in inbound tourism drove up hotel fees 49.9%And this:The data suggest Japan's economy is making progress towards achieving sustained rises in inflation accompanied by solid wage growth.Wage growth driving inflation is what the Bank of Japan wants to see before it pivots away from negative rates. The Bank says its awaiting the outcome of Spring wage tal

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