Japan corporate inflation hits two year high
Japan corporate services inflation accelerated to 3.7 percent in August matching the fastest pace in over two years. The data supports expectations for further interest rate hikes by the central bank.
Japan's corporate services inflation rose 3.7% in August from a year earlier, hitting its fastest annual pace in over two years. The increase follows a 3.6% gain in July, driven by higher freight, advertising, and rental lease fees. The data supports ongoing monetary tightening after borrowing costs reached a 31-year high.
