Japan's business service prices rose at their fastest annual pace since March 2015, with CSPI increasing 2.8% year-on-year in April.

Japan's business service prices rose at their fastest annual pace since March 2015, according to Bank of Japan data. The Corporate Services Price Index (CSPI) increased 2.8% year-on-year in April, indicating growing labour costs in service-intensive businesses. This supports the Bank of Japan's decision to end negative rates and signals a potential case for further interest rate hikes.