Japan’s annual wholesale inflation remained elevated in July, underscoring broadening price pressures and strengthening expectations that the Bank of Japan (BOJ) could raise interest rates at its September policy meeting, according to a report by Reuters.
The producer price index (PPI), which measures the prices companies charge each other for goods and services, rose 7.2% in July from a year earlier, BOJ data showed on Thursday. The increase was slightly below the 7.4% rise forecast by economists but remained close to the 7.3% gain recorded in June, Reuters reported.
