Reported 8 months ago
In May, Japanese companies experienced a 2.5% increase in the prices they charge each other for services, signaling a trend of steady wage growth leading to higher labor costs being passed on. This inflation rate was slightly lower than the previous month's 2.7% gain, according to Bank of Japan data. Specifically, the index measuring prices of services with high labor costs saw a 2.5% rise from a year earlier, remaining constant from April.
Source: YAHOO