Japan's CPI rose 1.8% in July, driven by energy and food costs, reinforcing expectations for a Bank of Japan rate hike in September as firms pass higher raw material costs to customers.
The US dollar weakened near 10-day lows following a Middle East peace deal that lowered oil prices by easing supply fears. Investors now await interest rate decisions from the Bank of Japan and Reserv
The Bank of Japan warns of broad-based price hikes this summer as firms pass on soaring energy and raw material costs linked to Middle East conflicts. Wholesale inflation reached a three-year high of
Japan's producer prices surged 2.3% in April, the largest jump since 2014, driven primarily by rising oil and naphtha costs. This inflation data reinforces market expectations for the Bank of Japan to
Japan's wholesale prices rose 4.9% in April due to higher oil import costs, exceeding forecasts and pressuring the Bank of Japan to potentially raise interest rates soon.
War-driven naphtha shortages have surged polypropylene and polyethylene packaging costs, forcing Japanese food and beverage prices to increase this summer. This supply shock impacts small manufacturer
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