✉news BusinessBanking first seen 18 h ago, last 4 h ago, peak #2
Japan's corporate services inflation hits two-year high
Original: Japan's corporate services inflation hits 2-year high
Japan's corporate services price inflation has climbed to its highest level in two years, according to new data reported by Reuters. Rising costs for services such as logistics, hiring and business outsourcing point to persistent price pressure among companies, a trend that keeps alive expectations that the Bank of Japan could continue raising interest rates. Economists watch the gauge closely for signs that inflation is broadening beyond energy and imports into wages and domestic demand.
Why now: Fresh inflation data strengthens expectations about the Bank of Japan's next interest rate moves.
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