Japan’s wholesale inflation quickened in August as food costs continued to climb, underscoring persistent price pressures that could keep expectations of another Bank of Japan rate hike alive.
Japan August PPI +2.7% y/y (expected +2.7%)food and beverage prices gained 5.0%, up from 4.7% the previous monthelectricity and gas bills dropped 2.9% thanks to subsidiesimport prices fell 3.9%, easing at a slower pace than July’s 10.3% dropReuters adds:
Daiwa Securities economist Yutaro Suzuki said wholesale inflation is likely to stay above 2% in the near term due to elevated food and farm costs, though stronger yen moves could gradually moderate pressures.
The BOJ, which ended its decade-long stimulus last year and raised rates to 0.5% in January, meets again on Sept. 18–19. While core consumer inflation has exceeded its 2% target for more than three years, Governor Kazuo Ueda has stressed caution amid risks from U.S. tariffs. The bank’s July outlook predicted food price gains would slow, with wage growth supporting consumption and the wider economy.
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Sticky wholesale inflation keeps yen traders alert for BOJ hawkish signals at the Sept. 18–19 meeting.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about boj faces sticky inflation as wholesale index rises 2 7 in august was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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