Reported 6 months ago
A recent report from Bloomberg indicates that Japan's service prices have seen their fastest increase in over 30 years, with the services producer price index jumping 2.8% from a year earlier, the highest growth rate since 1991. This rise in service prices supports the argument for the Bank of Japan to raise interest rates, potentially accelerating the timing of the next rate hike. The article highlights that the increase in service prices is a key measure of inflation spread throughout the wider economy and may prompt the BOJ to consider moving up its rate hike schedule.
Source: YAHOO