Japan Wholesale Inflation Rises 6.8 Percent
Japan wholesale prices rose 6.8 percent in September from a year earlier, slowing from August but keeping alive market expectations for a near-term Bank of Japan interest rate hike.
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Japan wholesale prices rose 6.8% in the year to September, slowing from a 7.6% gain in August and missing the median market forecast of 7.6%. The corporate goods price index reading keeps alive market expectations of a near-term interest rate hike by the central bank. The data will form part of the quarterly inflation forecasts at the upcoming policy meeting.
