The Japan Times
AsiaPac · 25 days ago
✦ 78◉ Centre
Japanese producer prices jump by the most since 2014, backing case for rate hike
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Quality 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Japanese producer prices surged 2.3% month-on-month in April, significantly exceeding economist forecasts and marking the largest increase since 2014, which strengthens arguments for a central bank rate increase.
Japanese producer prices jump by the most since 2014, backing case for rate hike
The measure of input prices for Japanese firms rose 2.3% in April from a month earlier, a full point above the highest estimate in a survey of economists.
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