Japan's yen-based import prices surged at a record pace in June, data showed on Tuesday, keeping wholesale inflation elevated as the currency's sharp slump continued to weigh on a fragile economic recovery by boosting commodity costs. The data highlights the challenge Prime Minister Fumio Kishida faces in cushioning the economic blow from rising living costs, which are emerging as a policy priority after his victory in Sunday's upper house election. The corporate goods price index (CGPI), which measures the price of goods companies charge eachother, rose 9.2 per cent in June from a year earlier, marking the 16th ... (full story)