Japan wholesale inflation hits 7.6 percent in August

Japan's August producer prices exceeded expectations at 7.6%, while the import price index rose 24.8% due to a weak yen. These figures, alongside recent hawkish signals, have led markets to near fully price in a Bank of Japan rate hike to 1.25% at next week's meeting.
According to GN markets/inflation (en-US), the yen-based import price index surged 24.8% year-on-year in August, a deceleration from July but a clear indicator that currency weakness continues to drive up input costs. This data point reinforces Governor Kazuo Ueda's focus on how effectively firms are passing these elevated costs on to consumers.
Source: GN markets/inflation (en-US)Japan's producer prices rose faster than expected, reinforcing expectations for a Bank of Japan rate hike to 1.25 percent next week.
Source: GN markets/policy (en-US)






