Japan's wholesale inflation slows to 2.5% in August due to lower commodity prices and a stronger yen.
In August, Japan's wholesale inflation slowed to 2.5% year-on-year, down from 3.0% in July, due to lower commodity prices and a stronger yen that reduced import costs. The Producer Price Index fell 0.2% month-on-month. While consumer inflation is expected to temporarily rise to 3.0%, it may decline again with the return of energy subsidies. The Bank of Japan may reconsider interest rate hikes if economic growth improves, potentially as soon as December.
September 12, 2024
13 Articles