Japan April Wholesale Inflation Bolsters June Hike Case
Japan wholesale prices rose 4.9 percent in April amid an energy shock. The data strengthens the case for a central bank interest rate hike as early as June.
Xurve View
Insights:
Xurve View
Japan wholesale inflation rose 4.9% in April, the fastest pace in three years as energy costs spiked. The figure exceeded market forecasts of 3.0% and accelerated from a 2.9% increase in March. Rising price pressures strengthen the case for the Bank of Japan to raise interest rates in June.
