Japan April wholesale inflation rises to 4.9 percent
Japan's wholesale prices rose 4.9% in April as Iran war-induced oil costs intensified inflationary pressures. The Bank of Japan may raise rates in June.
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Japan wholesale prices rose 4.9% in April, exceeding the 3.0% forecast as energy costs surged. The corporate goods price index accelerated from a revised 2.9% gain in March. Rising input costs increase pressure on the Bank of Japan to raise interest rates.
