Japan's Producer Prices Surge, Paving the Way for BOJ Rate Hikes

Reported about 10 hours ago

Japan's corporate goods prices saw a significant rise of 4.2% in January compared to the previous year, marking the fastest increase in 19 months. This trend is leading the Bank of Japan to consider further interest rate hikes, with expectations that measures will be taken as soon as May. The rise in prices, driven by agricultural products, is indicative of inflationary pressures that are prompting changes in the bond market, including a rise in 10-year bond yields to levels not seen in nearly 15 years.

Source: YAHOO

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