✉news BusinessBanking first seen 3 h ago, last 54 min 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 a Reuters report. The rise in what companies pay for services signals persistent price pressure in the world's third-largest economy and will feed into debate over whether the Bank of Japan should raise interest rates further as it winds down decades of ultra-loose policy.
Why now: Fresh inflation data strengthens expectations that the Bank of Japan may continue normalising monetary policy.
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