Japan’s September corporate services prices rise 3.7% yr/yr
Ocean freight costs helped push service-sector inflation higher as companies passed on labor expenses, reinforcing expectations for further Bank of Japan rate hikes.
8 Articles
8 Articles
Japan’s Business Service Prices Accelerate Ahead of BOJ Meeting
Japan’s corporate service prices rose more quickly in September, adding to signs of growing inflation and supporting market expectations for the Bank of Japan to raise interest rates again by the end of the year.
Inflation of productive services in Japan rose to 3.7% in September, but prices linked to labor costs moderated. The combination adds uncertainty before the Bank of Japan decision and keeps the possible effect on financing in yen and risk assets, including Bitcoin, under observation.
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BITRSSJapan’s services inflation split complicates the BOJ outlook before Friday’s decision
Business-service inflation reached 3.7%, while the transport-excluded rate held steady and labor-sensitive price growth eased before Friday’s BOJ decision. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Japan Services Producer Inflation Rises to 3.7%, but Underlying Price Pressures Hold Steady - ActionForex
Japan’s Services Producer Price Index accelerated from 3.5% to 3.7% y/y in September, matching market expectations, while rising 0.3% m/m following August’s revised 0.1% increase. However, the headline acceleration was driven largely by international transportation costs, rather than a broad strengthening of domestic service-price pressures. Inflation excluding international transportation held unchanged at 2.9% y/y, suggesting […]
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