Japan's wholesale inflation jumped at the fastest pace in nine months in May due to weak yen impacting raw material imports, affecting BOJ's decision on interest rate hike.
Japan's wholesale inflation jumped at the fastest annual pace in nine months in May, driven by the weak yen pushing up the cost of raw material imports. This complicates the Bank of Japan's (BOJ) decision on how soon to raise interest rates, as cost-driven price rises could dampen consumption and reduce the chances of achieving the desired demand-driven inflation before phasing out stimulus.
June 12, 2024
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