Japanese Wholesale Inflation Moderates While Weak Yen Pressures Import Prices

Japan's wholesale inflation slowed to 2.3 percent in January. Rising import costs from a weak yen now complicate the Bank of Japan's interest rate strategy.

洞察:
Annual wholesale inflation in Japan JPJP slowed for a second consecutive month in January as the Corporate Goods Price Index (CGPI) rose 2.3% year-on-year. This growth represents a deceleration from the 2.4% gain recorded in December. During the same period, yen-based import prices rose 0.5% year-on-year, reflecting the impact of a weak currency on the cost of goods brought into the country.
People shop inside a tax-free drug store at the Ameyoko shopping district in Tokyo, Japan, May 15, 2025. REUTERS/Issei Kato
People shop inside a tax-free drug store at the Ameyoko shopping district in Tokyo, Japan, May 15, 2025. REUTERS/Issei Kato
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