Economic TimesLean R·
Global Market: Japan wholesale inflation stays elevated, bolstering September rate hike bets
Japan’s wholesale inflation stayed elevated in July, with producer prices rising 7.2% year-on-year, reinforcing expectations of a September Bank of Japan rate hike. Broad-based cost pressures, higher import prices and yen weakness are raising inflation risks, while stronger metal and raw-material costs could further pressure consumer prices and accelerate monetary tightening.
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