Japan August wholesale prices inch up at the fastest pace in nine years

Japan August wholesale prices inch up at the fastest pace in nine years

In August, Japanese wholesale prices rallied at the fastest annual tempo in almost nine years because firm Chinese demand spurred commodity prices, thus offering glimmers of hope that consumer inflation will speed up on its way to the key bank's 2% objective.

However, some experts warn the pick-up in wholesale inflation isn’t going to be sturdy enough to nudge companies into spurring retail goods prices.

The soar was powered mainly by items greatly affected by global commodities prices, including metal goods and crude, as some financial experts disclosed.

In August, wholesale prices edged up 2.9% from the previous year, growing for the eighth straight month and also marking the fastest tempo of surge since October 2008, as Bank of Japan data announced on Wednesday.

The soar in the corporate goods price index, gauging the price, which firms charge each other for their services and goods, turned to be in line with a median market prediction for a 3% ascend. The July revenue hit 2.6%.



Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera