Reported 4 months ago
In April, Japan's corporate service prices saw their fastest annual increase since March 2015, with the Bank of Japan reporting a 2.8% rise in the Corporate Services Price Index (CSPI) compared to the previous month. This growth was attributed to higher labor costs in the services sector, particularly in labor-intensive businesses like machine repair and industrial facility renovation. The index's increase is seen as a positive sign for policymakers aiming for a wages-led cycle of demand growth to drive inflation and economic expansion in Japan.
Source: YAHOO