Japan’s wholesale inflation spikes in July, bolsters rate-hike chance

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.

Japan’s wholesale inflation spikes in July, bolsters rate-hike chance

By Leika Kihara TOKYO, Aug 13 (Reuters) - Japan's annual wholesale inflation continued its surge in July, data showed on Thursday, ​highlighting broadening price pressures and reinforcing ‌market expectations of an interest rate hike in September. The ...

Nikkei 225 rallies nearly 2%, but Japan’s inflation story is getting hotter

Japan’s Nikkei 225 climbed on Thursday as a benign US inflation report eased pressure on global interest rates, giving technology and export shares another lift even as domestic price data strengthened the case for a Bank of Japan hike next month. The Nikkei gained about 1.9%, extending a rebound that has taken the benchmark back towards recent highs. South Korea’s KOSPI jumped 4.4%, while MSCI’s broadest Asia-Pacific index outside Japan rose ab…

Japan’s wholesale inflation remains high, bolstering odds of September BOJ hike

Yen’s weakness was pushing up import costs and broader inflation Read more at The Business Times.