Japan Wholesale Inflation Accelerates in October
Japan annual wholesale inflation re-accelerated to 7.1 percent in October driven by higher fuel and semiconductor costs. The data keeps alive market expectations for a near-term Bank of Japan interest rate hike.
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Japan's annual wholesale inflation accelerated to 7.1% in October as Middle East conflicts and semiconductor demand pushed up raw material costs. The faster-than-expected rise beats the median market forecast of 6.5% and exceeds September's 6.8% increase. The data keeps alive investor expectations for a near-term interest rate hike by the central bank.
