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Japan’s Producer Price Gains Stay Elevated, Backing BOJ Hikes

Source: Bloomberg

InflationMonetary PolicyInterest Rates & YieldsEconomic Data

Japan’s corporate-goods prices rose faster than expected in August, signaling persistent upstream inflation pressure. The data strengthens the case for the Bank of Japan to continue raising interest rates to contain upside inflation risks, with potential implications for Japanese rates, the yen and domestic equities.

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