By Leika Kihara TOKYO, Nov 12 (Reuters) - Japan's annual wholesale inflation re-accelerated in October as the Middle East conflict and AI-related demand kept pushing up prices for fuel and semiconductor chips, data showed, keeping alive market expectat...
Japanese industrial inflation is accelerating again in October, while imports are rising by 19.2% and pressures on the Bank of Japan to raise interest rates are increasing.
Japanese wholesale inflation exceeded forecasts and put on the table again a possible rise in rates in December. If the Bank of Japan accelerates monetary tightening, the yen could be strengthened and lead some investors to reduce positions in Bitcoin, US shares and other risky assets.