Japan's corporate goods prices hit a near-two-year high, rising 4.2% year-on-year in January.

Japan's corporate goods prices surged 4.2% year-on-year in January, the fastest in nearly two years, driven by higher agricultural prices, electricity costs, and raw materials. The Bank of Japan will monitor if these rising costs are passed on to consumers, potentially influencing future interest rate decisions. Additionally, producer prices saw a 0.3% monthly increase, meeting expectations. The Bank of Japan left its short-term interest rate at 0.5% in January, aiming for a 2% inflation target.

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