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Japan's wholesale inflation jumps, reinforcing BOJ rate-hike bets

Summary by Channel News Asia
TOKYO: Japan's annual wholesale inflation jumped to a seven-month high of 4.2 per cent in January and accelerated for the fifth straight month, highlighting persistent price pressures and reinforcing market bets of another interest rate hike this year. The data came in the wake of Bank of Japan Governor Ka

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Channel News AsiaChannel News Asia

Japan's wholesale inflation jumps, reinforcing BOJ rate-hike bets

TOKYO: Japan's annual wholesale inflation jumped to a seven-month high of 4.2 per cent in January and accelerated for the fifth straight month, highlighting persistent price pressures and reinforcing market bets of another interest rate hike this year. The data came in the wake of Bank of Japan Governor Ka

·Singapore
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The Economic TimesThe Economic Times

Japan's wholesale inflation jumps 4.2% in January, reinforcing BOJ rate-hike bets

Japan's annual wholesale inflation climbed to 4.2% in January, marking the fifth consecutive month of acceleration, driven by increases in food, textile, and non-ferrous metal prices. This rise outpaced market expectations and increased the likelihood of a near-term interest rate hike. Additionally, the yen's depreciation continues to elevate costs for companies, influencing import prices.

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The Economic Times broke the news in on Thursday, February 13, 2025.
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