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Japan services producer prices jump 3.7% in August
Original: Japan services producer prices rise 3.7% in August, fastest pace in over two years
Japan's services producer prices rose 3.7% in August, the fastest pace of growth in more than two years, according to figures widely reported by financial news outlets. The increase points to continued inflationary pressure in the services sector, which could factor into the Bank of Japan's thinking on future interest rate decisions.
Why now: The fastest services inflation in over two years fuels speculation about whether the Bank of Japan will raise rates further.
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