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Japan wholesale prices rise for first time in 13 months as global recovery boosts commodity costs
Japanese wholesale prices marked their first annual increase in more than a year in March, data showed on Monday, a sign that rising commodities costs are pinching corporate margins, adding inflationary pressure to the world’s third-largest economy. Analysts, however, expect such pressures to remain more modest in Japan than in the United States, as slow rollouts of vaccines to combat the coronavirus pandemic are seen weighing on Japanese domestic consumption. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 1.0% in March from a year ... (full story)