Japan wholesale inflation perks up in Oct, complicates BOJ rate hike timing

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TOKYO : Japan's wholesale inflation accelerated in October as renewed yen falls pushed up import costs for some goods, data showed on Wednesday, complicating the central bank's decision on how soon to raise interest rates.

FILE PHOTO: A woman chooses vegetables at a supermarket in Tokyo, Japan October 21, 2022.

The yen-based import price index fell 2.2 per cent in October from a year earlier, less than the 2.5 per cent drop in September, the data showed.

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Category: EconomyBusiness

Markets: SingaporeJapanOman

Topics: Goods October Data Cent Tokyo Japan Price Showed Bank Import Index

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Article Type: News Report

Published On: 2024-11-13 @ 08:11:27 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 177 words

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Sentences: 15 lines

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