Japan wholesale inflation dipped due to lower commodity prices and a stronger yen - recap ...Middle East

Japanese 'wholesale' inflation levels eased back a little in August:Japan PPI (August) -0.2% m/m (expected +0.0%) and +2.5% y/y (expected +2.8%)The main drivers were lower commodity prices, falling utility prices, and the appreciation of the Japanese yen. Details showed that import prices dropped significantly falling to 2.6% YoY from 10.8% in JulyWhile consumer price inflation is expected to temporarily rise to 3.0% YoY in August (the data is due late next week), it is projected to decline again from September, aided by the restart of Japan's energy subsidy program. The slowdown in wholesale prices gives, at the amrgin, the Bank of Japan (BoJ) time to assess financial market conditions, but

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